Homeowners’ associations have right to foreclose (NC)

This week in the Legal Corner, we will explore how one could possibly face losing his or her home for failure to pay homeowners association dues.  Previously, we discussed an HOA’s authority to assess fees and require dues to be paid for the maintenance of common areas in a residential housing development. Accompanying this right to assess these fees is also a right to foreclose on the subject property as a means of recovering monies owned to the HOA.    Read the article…………..


Related Articles

Help! Our HOA (or Condo) Needs Money

Community associations can become cash-strapped for a variety of reasons – unexpected large repairs, increased utility expenses, weather related emergencies, or

Assessment Issues; Does Developer Owe Dues?

Q: I was delinquent in my mortgage payments and was facing foreclosure. I also had a separate lien against my

New Services Help Associations Thwart Unauthorized Short-Term Rentals

The problem of short-term rentals with the help of Airbnb and other similar websites in violation of community association rules