It is not uncommon for homeowners to have to pay HOA fines when they have committed a violation of the rules. Many homeowners, though, have unanswered questions about fines in an HOA community. Frequently Asked Questions on HOA Fines Here are the answers to the most frequently asked questions about homeowners association fines. What…
Consumers are protected by certain laws when it comes to debt collection. Chief among them is the federal Fair Debt Collection Practices Act. But, does this law apply to homeowners associations, too? Fair Debt Collection Practices Act Definition The Fair Debt Collection Practices Act (FDCPA) is a federal law governing the collection of debt.…
Living in a homeowners association comes with benefits, but it also comes with financial obligations. Here, we discuss what is an HOA fee and everything else you need to know about it. What Is an HOA Fee? Potential homeowners have to do a lot of research before they buy a home. When that home is…
Homeowners are not the only ones who suffer the consequences of delinquent HOA dues. The association itself can face a lot of problems, too. When left unresolved, these problems can spiral and compound until the association is left with nothing to its name. How Delinquent HOA Dues Affect the Community To understand how delinquencies…
It is important for homeowners associations to utilize collection actions when members default on their dues and assessments. This is where an HOA lien on the property comes in handy. What Is an HOA Lien? Homeowners associations operate using a membership format. When someone buys a house in an HOA community, that person automatically…
There are many homeowners associations that accept ACH payments for HOA dues. But, that does not mean it is the right choice for everyone. Should yours do the same? The Thing About ACH Payments for HOA Dues Paying dues is a common pain point among homeowners living in HOA-run communities. Although there are some…
Increasing HOA fees are a huge pain point for many members of an HOA-run community. But, can an HOA board even legally raise the fees? Increasing HOA Fees: It All Starts With Budgeting To truly grasp the need for fee increases, you must first understand how homeowners associations work. Homeowners associations exist to maintain…
Dues collection is often a pain point for many homeowners associations. If you struggle with this aspect of community management, setting up electronic payments for HOA fees may be the answer to your problem. The Benefits of Using Electronic Payments for HOA Fees Homeowners have an obligation to pay dues to their association, and…
When it comes to dues collection, late payments seem more like a common occurrence than early ones. But, should early payments of HOA dues even be encouraged? Should You Allow Early Payments of HOA Dues? Members of homeowners associations have an obligation to pay dues to fund the maintenance needs of the community. These…
Late HOA payments are one of the most common problems homeowners associations face today. With assessments playing a critical role in the continuous operation of the HOA, it is imperative to know how to collect these late payments. How to Deal with Late HOA Payments It is not that difficult to understand how an…