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Can they take your condo that is paid off with no loan for not paying 7 months of your h.o.a payments in California if not how long before they can take the property?
Wiki User
∙ 14y ago
Yes, probably.
Your HOA assessments are used to pay basic bills for the community, such as master insurance policy premiums, basic utilities, staff payroll, and more, plus to save regularly to pay for major repairs required to real estate assets owned in common.
When you don't pay your assessments -- as you agreed in writing to do when you purchased your home -- you're asking your neighbors to pay your bills.
Read your governing documents to identify the process that the board must follow to collect this debt that you owe.
As a last resort, the association can foreclose your home and sell it, using some of the proceeds to retire your assessment debts.
The length of time this takes is up to the board of directors.
Wiki User
∙ 14y ago
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