Homeowners associations can typically secure a judgment lien in Virginia in an attempt to collect unpaid dues from members. However, many homeowners don’t understand what judgment liens are. Some even question whether or not HOAs have the authority to impose such a lien. On the flip side, some board members don’t know how judgment liens…
It is common for homeowners associations to use monetary penalties as a way to enforce the rules. But, can the board increase HOA fines? What Is the Purpose of HOA Fines? Part of living in a community managed by a homeowners association is following its rules and regulations. Communities have these rules in place…
Many homeowners have been struggling to pay their dues as a result of the COVID-19 pandemic. If your HOA has seen a rise in non-payments as of late, the NC Homeowner Assistance may be just what you need. What Is the NC Homeowner Assistance Fund? In 2020, COVID-19 swept through American soil and impacted…
There are many misconceptions about an HOA foreclosure that people believe to this day. But, it is imperative to separate fact from fiction to keep your association safe, legal-wise. HOA Foreclosure in North Carolina: Can All HOAs Foreclose? One thing that most HOA and condo boards ask about foreclosure is, “Do we have that…
Many homeowners associations turn to an HOA collection agency to solve their problems with delinquencies. But, is it really worth your association’s time and money to hire a third party? Does Your Association Need an HOA Collection Agency? One of the biggest problems most homeowners associations face is a high delinquency rate. Associations rely on…
HOA dues collection can be a chore, which is why many HOAs turn to third parties for assistance. When it comes to collecting dues, though, it is important to stay compliant with the federal Fair Debt Collection Practices Act. What Is the Fair Debt Collection Practices Act? The Fair Debt Collection Practices Act, otherwise…
An HOA foreclosure does not happen all the time, but it is still a possibility for every member of a homeowners association. As a homeowner, you must know what an HOA foreclosure entails and what you can do if you ever face one. What You Must Know About an HOA Foreclosure Homeowners associations collect…
For many homeowners associations, collecting dues can be a tough task, especially when there are too many delinquent residents. Thankfully, you can make HOA collections a breeze by following a simple process and considering all your options. The Importance of an HOA Collections Policy An HOA relies on dues as its primary source of…
Anybody who lives in a planned community most likely is part of a homeowners association which requires members to pay fees. The fees cover the day-to-day operating expenses of the community. Unfortunately, the regular dues don’t always cover all of the association’s expenses, especially if there are unexpected costs that the reserves can’t account for.…
What is an HOA fee for, and why do you have to pay it on top of your home expenses? If you’ve just purchased a home in a community maintained by a homeowners association, you may be wondering what do HOA fees cover in the first place. Homeowners associations often provide extra amenities, such as…