Depending on the state of the property, acquiring it due to an assessment lien may be a better investment for the HOA than convincing the original owner to settle their dues, especially if the property forecloses. How does a property acquire assessment liens? Many...
Your Neighborhood Law Firm
Month: August 2024
How can assessment liens protect HOAs?
Preserving property values as a community takes work and financial responsibility. Keeping shared spaces clean, safe and enjoyable requires routine expenses. Homeowner associations (HOAs) collect dues and assessments to cover those running costs. When a homeowner...