In law school they teach students to think of property ownership as a “bundle of sticks.” A weird metaphor, but one that makes sense after a bit of thought. When pioneers “staked a claim” to land, in theory they claimed all of the land between their stakes from the sky...
Homeowners’ Associations
Home Owners Associations: Getting Paid During Foreclosure
When a home falls into foreclosure, quite often the homeowner quits paying home owner’s association (HOA) dues long before a bank takes over the property and long before a new owner resumes paying regular monthly dues. What happens to the obligation to pay HOA dues when a home is...
How to Deal with Unpaid Home Owners Association Assessments.
Many small to mid-size home owners associations (“HOAs”) are run by a board made of a few active members. It can be a thankless job, especially when the HOA cannot afford to pay an outside management company to be responsible for the day-to-day management of the HOA. The question that...