when to stop paying HOA dues?

Question

I got a notice of default on my condo on february 2nd, from that they told me I have 3 more months, which is really until april because may would be the 2nd, on that day they would set a date to auction my home, until when is one supposed to still be paying the HOA dues?, I want to Look for an apartment with time and move with more time, right now is the moment because some people are moving out, but I don't want to be paying rent and a high association fee with my husband not working, money is tight

Jim S · Accepted Answer

If you are in default on your mortgage the last thing you have to worry about is paying your HOA dues.  If you stop paying the HOA fee, the Association will notify you and then place a lien on your property to recover the dues from either you or the next owner.  In extreme cases, the Association can file a lawsuit to sell your property for the amount of the dues.  What do you care?  You're leaving, right?   In either a foreclosure or short sale your credit rating is going to take a bad hit.  Your primary concern should be finding a rental before you have a foreclosure on your credit record.  While you're looking for an apartment, find a lawyer or licensed real estate agent that specializes in foreclosures or short sales.  This sounds harsh and uncaring but times are tough and you have to look out for yourself first.

Anonymous · Answer

Suggest that you check with a realator or a lawyer that specializes in rentals and ask them what your options are. Go back and read the paperwork you signed when you moved in.

Anonymous · Answer

Keep it the HOA will have to put a lean on the property so you are safe they can't do squat

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when to stop paying HOA dues?

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