HOA Debt Collection: What’s Legal And Frequently Asked Questions
One of the most challenging responsibilities that associations can face is HOA debt collection. In Virginia, both homeowners associations and condominium associations must follow strict laws when collecting unpaid fees. The Importance of HOA Debt Collection Debt collection in associations is not about punishing residents. It is about keeping the community running smoothly. Associations […]
HOA Foreclosure In Virginia: Can A HOA Board Take Homes?
Board members and homeowners must familiarize themselves with the process for HOA foreclosure in Virginia. In doing so, board members can follow due process and protect the association from liability. Meanwhile, homeowners can understand their rights and preserve them. HOA Foreclosure in Virginia: Is This Legal? Homeowners associations collect regular dues or assessments from […]
What Happens If You Don’t Pay HOA Fees In Virginia?
What happens if you don’t pay HOA fees? This is a question many homeowners ask when they start falling behind on payments. In Virginia, failing to pay can lead to serious consequences, ranging from minor late fees to more severe actions such as foreclosure. What Happens if You Don’t Pay HOA Fees? Before diving […]
HOA Fees (Homeowners Association Dues) Explained
HOA fees are a standard component of HOA living. These dues serve an essential purpose in the continued operation and success of a community. Yet, far too many residents misunderstand the value of these dues and their role in the broader context. What are HOA fees anyway? What are HOA Fees? Living in an […]
Are HOA Fees Tax Deductible? What You Should Know
Are HOA fees tax deductible? Many homeowners ask this question. The answer depends on how the property is used. While HOA fees cover a wide range of community services, not all of them qualify as deductible expenses. That said, there are specific situations that may count them as tax-deductible. What are HOA Fees? Homeowners […]