How An HOA Can Foreclose On Your Home

When most people hear the word "foreclosure"...They immediately think...Someone stopped making their mortgage payments.But what if I told you...You could be current on your mortgage...And still lose your home?A recent report highlighted a growing trend of homeowners associations becoming much more aggressive in collecting unpaid dues. HOA-related foreclosure filings reached 6,376 properties in the first quarter of this year, nearly 40% higher than two years ago, as associations face rising insurance, maintenance, and operating costs.Today, Dwight Millard of On Q Home Loans, Aaron Clark of Edge Realty and I are going to discuss what every homeowner should know.