I’m in Foreclosure – What Happens to My HOA Dues and Assessments?

With the recent “great recession” in the economy and the deflation of real estate values across the country, many people are facing financial distress, divorce, and unemployment. Homeowners have been forced to file bankruptcy, stop making their house payments, and forcing the lender to foreclose on the property. The issue of homeowner’s association dues is becoming increasingly problematic, as many homeowners are not aware of their responsibilities.

Tagged as: Deflation, Economy, File Bankruptcy, Foreclosure Prevention, great-recession, house, stop-making, the-economy, their-house