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HOA Deliquency

HOA CollectionsHOA DeliquencyHOA FinanceHOA VendorsUncategorized

Two Types Of HOA Debt: What Should The Board Do?

Navigating HOA debt can be tricky, especially for board members with little to no experience. Debt can take two forms, and it is imperative to understand how they affect the community and how to address them. While professional assistance is always preferable, boards must also get the basics right.   What are the Two Types of HOA Debt? Homeowners associations work similarly to corporations. They earn revenue, pay vendors, and even rack up debt. But debt can mean two things…
Denise
July 8, 2026
HOA DeliquencyHOA Fees and Assessments

Is Charging Interest On HOA Late Fees And Fines Legal?

Late fees on unpaid dues are par for the course, but can an association charge interest on late fees? Board members must understand their authority under state laws and the governing documents. Not everything is black and white, and even a single misstep can expose the association to liability. When it comes to interest, there's a lot to consider.   Interest on Late Fees: Understanding Definitions Homeowners associations are no strangers to financial activities. In these communities, owners pay dues,…
Denise
June 4, 2026
HOA Deliquency

HOA Foreclosure Explained: Can The HOA Really Take Homes?

Many homeowners don't realize that unpaid dues and assessments can lead to HOA foreclosure. While rare, it is a legal tool that associations may use to recover delinquent balances. The process can vary by state, but in many cases, an HOA can take legal steps to seize the home.   What is HOA Foreclosure? A homeowners association foreclosure is a legal action an HOA takes to recover unpaid fees, assessments, and fines. When a homeowner fails to pay, the HOA…
Denise
July 14, 2025
HOA Deliquency

What’s The Right Way To Deal With HOA Delinquency?

Having a high HOA delinquency rate can negatively impact association finances. Board members should know how to deal with delinquent accounts, while homeowners should do their best to minimize delinquencies. In doing so, they can maintain high property values and ensure their investments are safe.   What is HOA Delinquency? In homeowners associations, delinquency refers to a failure to pay outstanding dues. Homeowners in HOA communities are obligated to pay regular fees. The HOA then uses these fees to cover…
Azalea
July 15, 2018