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…………..