Texas Homeowners Could Lose Their Home Over Unpaid HOA Dues
Having owned a few homes I can tell you that HOAs (Homeowners Associations) can truly be a blessing and a curse in Texas or any state. As a homeowner what you really want is freedom, so when you have HOAs that are strict with their rules it can be a real pain in the backside. That said, I've also had neighbors who refused to keep their property looking nice, which can lower surrounding home values. But if someone is not following the HOA rules or decides to not pay the HOA dues, can their home be taken away from them?
What Happens When HOA Dues Go Unpaid
It’s a serious question because the thought of someone attempting to take your home because you didn’t follow the rules seems a bit extreme, but you might be shocked at what could happen.
Obviously, not all HOAs are the same as they all have different costs associated with them, and they cover different things. If you have a community pool or other amenities available for everyone to use you can expect higher HOA dues, it makes sense.
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Can an HOA Foreclose on Your Home?
It would be a long process, but if you decide to not pay your fees/dues, your HOA can place a lien on your property. Even if you have made your mortgage payments on time and paid all your taxes.
Where to Learn More About Texas HOA Laws
If you want to know more about Property Owners’ Association rules for the state of Texas, click here. Here is more information from Landmark CM that I found useful as well.
In the end, you need to follow the rules and pay all dues to your HOA to avoid a huge headache and possibly facing foreclosure if unpaid assessments continue.
