What You Should Know Before Buying a Home about an hoa
Homeowners' assessments and fees are collected on a regular or irregular basis by homeowners' organizations. These assessments and fees are then used to cover a variety of HOA costs, including common area maintenance and repair. When homeowners join a HOA, they commit to paying these assessments as well. If you don't pay these assessments, you'll have to deal with the repercussions. An HOA lien and foreclosureare perhaps the most well-known repercussions.
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