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Infographic – What Is A Home Owners Association

By on November 14, 2013 in Mortgage Infographics

What Is A  Home Owners Association

The Good, the Bad, and the Ugly – Home Owners Association (HOAs) help maintain values and regulations in a community — that (usually) helps retain the value of the property. Yet, HOAs impose many strict rules on their residents, many of which seem absurd. The ugly? Unlike property owners evicting a tenant, associations are not required to go through a court to foreclose.

About the Author

About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. .
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