Category: HOA Finance

line of credit | hoa loans

Frequently Asked Questions On HOA Loans

When faced with unexpected expenses or necessary repairs, not all homeowners have funded reserves or the capacity to levy special assessments. Instead, they will take out a loan. HOA loans require adequate planning and understanding the intricacies of association loans can increase your chances of approval as well as help you get the best rates.…

hoa embezzlement | hoa fraud

How To Prevent Homeowners Association Fraud

Homeowners association fraud or embezzlement can happen anytime, anywhere, and anyone — even to the closest, tight-knit communities. If you want to safeguard the financial health of your community, consider these strategies to prevent HOA fraud.   Most Common Types of HOA Fraud to Look Out For HOAs are run by a handful of people,…

hoa reserve funds

What Are HOA Reserve Funds? And What Is It For?

It is important for any homeowners association to have HOA reserve funds and to understand the purpose of this separate account. In doing so, an HOA can avoid financial ruin and minimize the need for special assessments.   What Are HOA Reserve Funds? Reserve funds, also known as reserve accounts or HOA cash reserves, are…