Did you know that a homeowner’s association (HOA) can place a lien on your home? Depending on the state you live in, it can either be a nonprofit or a for-profit organization that helps manage and protect a community of homeowners.
If a person is its member, they likely pay monthly or annual dues, which go towards the upkeep of common areas, like swimming pools, road maintenance, community parking, or playgrounds. In some cases, they also help enforce specific rules and regulations meant to keep the community looking tidy and well-maintained.
Still have questions? How can the HOA place a lien on your home? Keep reading to learn more about it.
What Is a Lien?
It is a legal claim on one’s house. When people don’t pay what they owe, the creditor can force its sale to get paid.
The most common type is a mortgage, which is placed by a lender when borrowing money to buy a home. If one doesn’t make their mortgage payments, the lender can foreclose on it and sell it to get paid.
What Is a Homeowners Association (HOA)?
It is an organization that manages a community of homes. They are common in condominiums and planned developments.
They are typically governed by a board of directors, which the homeowners elect in the community. The board enacts and enforces regulations designed to maintain the property values in the community.
When can the HOA place a lien on your home?
Following are the common reasons for which they can place a lien on your place:
– Unpaid dues: When people don’t pay their HOA dues, the association can place a lien on the place. The amount will be the unpaid dues, plus interest and any collection costs incurred by the association.
– Unpaid special assessments: If people don’t pay a special assessment levied by the owner association, the authority can place a lien on their home for the unpaid amount.
– Violation of rules and regulations: If one violates, the association can place a lien on one’s home. The amount will be the cost of repairing the damage caused by the violation, plus any fines imposed by the owner.
Some platforms offer services to HOA’s and can help manage dues, property taxes, structural issues, costly repairs, and outstanding liens. These platforms can make it easier for homeowners to simplify the home-selling process by providing an estimate upfront, so they can factor in these costs when shopping for a new property.
How can you avoid an HOA lien on your home?
Paying the dues on time is the best way to avoid a lien. If one can’t pay the total amount owed, one should contact the owner and make arrangements to pay the delinquent amount over time. If one’s selling their house, get an estimate from a reputable platform to help one understand the potential costs involved.
Ending Thought
So, these are some critical things one needs to know about HOAs and liens. Stay up-to-date on your HOA’s rules and regulations, and pay your dues on time to avoid any potential problems.
Brick houses have been a cornerstone of architecture for centuries, celebrated for their durability, aesthetic versatility, and timeless appeal. In modern design, architects continue to explore innovative ways to incorporate brick into residential spaces, blending traditional materials with contemporary needs. While the design of each brick house is unique, there are several ways to incorporate […]
One of the significant decor elements for the living room is the sofa. Sofa designs for living room radiates the feeling of comfort, the dweller’s personality, and their personal touch to the design. From traditional Indian settees to modern-day lounges, with plenty of choices available, it can be puzzling what to choose. With this curation […]
Plants for home garden, apart from making houses look more beautiful and inviting, add health and calmness to them. Having any kind of indoor plant, a herb plant or a flowering plant adds some value to your decor and the quality of the space. Always choose plants that will flourish in your space and climate. […]
Flooring design is an important element for the overall aesthetics and function of your home. Whether you prefer the classic style of marble, the tradition and warmth of wooden flooring, or the practical use of tiles, the right flooring can revive your space. With shifts in design trends, Indian homes are starting to incorporate a […]
When designing a home, interior decor ideas to craft spaces become a necessity. From small plant vases to big furniture pieces everything comes in handy for making space speak one’s personality. But with an ample amount of products available in the market, it becomes daunting at times what to choose. With this blog, we cover […]
A bedroom is more than just a place to sleep, it’s a personal retreat that reflects your style. Modern bedroom designs are the best mix of functionality, comfort, as well as aesthetics that transform an ordinary space into an elegant yet inviting one. Whether you like minimalistic design, industrial design, warm wood, and linen in […]
The Indian home decor market has undergone a remarkable transformation, driven by rapid urbanization, rising disposable incomes, and a growing preference for personalized, high-quality interiors. No longer are homeowners settling for mass-produced decor—there is a clear shift towards customization, exclusivity, and sustainable choices. The demand for bespoke home decor products, especially wallpapers, is skyrocketing as […]
Have you ever walked into a home and instantly felt a sense of peace, like everything just “flows” perfectly? Or, on the flip side, stepped into a space that felt heavy, cluttered, or just… off? Believe it or not, the way a home is designed and decorated affects not just its aesthetics but also the […]
Tiny house designs are very exciting and intimidating in themselves. Moreover, they come with their benefits and challenges as well. To know and understand tiny house designs, one must have enough knowledge about the challenges one can face. It can be individual or separate entities and also can be shared living spaces. The following are […]
A well-designed false ceiling design for hall can create the entire mood of your interiors by adding elegance and character to the space. From simple gypsum to highly designed wooden patterns, these ceiling designs not only beautify the whole ambience but also improve sound quality distribution, thermal insulation, and lighting distribution within the room. In […]