Forclosure do to Fees?
Sec. 209.009. FORECLOSURE SALE PROHIBITED IN CERTAIN CIRCUMSTANCES.
A property owners' association may not foreclose a property owners' association's assessment lien if the debt securing the lien consists solely of:
(1) fines assessed by the association; or
(2) attorney's fees incurred by the association solely associated with fines assessed by the association.
The AARP has recently voiced concern that homeowners associations pose a risk to the financial welfare of their members. They have proposed that a homeowners "Bill Of Rights" be adopted by all 50 states to protect seniors from rogue Homeowner Associations. Read more about this HERE
HOA Fees Comparison
Lets look at the HOA Fee's and compare them to other communities in the area.
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| Hutto_HOA_Info_ver_5.4.xls | 26.5 KB |