Can my Homeowner’s Association (HOA) foreclose on my home?
Many borrowers that have stopped making their mortgage payments are unsure as to whether or not they should continue making payments to their homeowner’s association; commonly referred to as their HOA. My clients that are facing foreclosure often ask what the consequences are for not paying the HOA. And, they are often surprised with my answer. With very few exceptions, I recommend paying your association in full and on time.