Category Archives: Bankruptcy Law

Homeowner Association Foreclosure and Bankruptcy Law

Homeowner Association (HOA) foreclosure and bankruptcy can become very complicated issues when it comes to bankruptcy law. Homeowner associations collect either monthly or yearly fees from a homeowner to help pay for common expenses held by property owners within an association. Homeowners are normally made aware of these ongoing expenses before they ever purchase any property. In most states if a homeowner defaults on payments of HOA fees, the HOA can get a judgment against the homeowner for the past due payments and attach a lien against the homeowner’s property. With a successful lien on a property, the lien holder has a right to a foreclosure on the property if they choose to do so. One protection a homeowner has against foreclosure is to file for bankruptcy protection. Continue reading