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Posts tagged "HOAs"

An HOA can place a lien on your mortgage

When most people move into a managed community, they accept the fact that they will need to pay a fee each month for the homeowners association to take care of things like lawn care, leaf removal, rule enforcement and pool maintenance. The preference for this type of living situation is evident in the prominence of managed properties popping up around Florida and the rest of the country. Equifax.com reports that the number of HOA communities has risen from just under 50,000 in 1980 to over 300,000 in 2010. These neighborhoods also account for 80 percent of all new construction in the United States. With the high likelihood that Florida residents will live in a managed community at some point in their lives, it is important for them to realize that neglecting to pay their monthly fees can lead to serious consequences.

The Fair Housing Act: a law even HOAs need to know about

As some of our Melbourne readers may agree, living in a neighborhood where there is a homeowners association can be both a blessing and a curse. While some residents may like the fact that theirs and their neighbor's lawn is always well maintained, some may not like the control that many HOAs have over the look of a property. In many cases, residents are even barred from the amount of decorations they can put up on their property.

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