If you live in a home, condo, apartment, or dwelling that is part of a Home Owners Association, you already know that you are required to pay HOA dues each month, as well as certain special assessments while you reside in the association. While they are necessary to proper maintenance of the association’s collective properties, they can be a costly financial obligation. Many HOA boards and members wonder what will happen should homeowners default on their monthly fees and find themselves in trouble with their association. To help you out with that question, we’ve put together a brief overview: Read the article………………….
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