So You Think You Own Your Home?
You think that owning your own home means you might be able to rent it out when troubled times hit your family? Not so, according to a judge in Mississippi. He ruled against a family who purchased an HOA home and leased it to someone else during the ongoing recession.
Jason and Anna Kephart bought their home in the Northbay Homeowners Association in 2010 but leased it to another family a short time later. But in 2006 Northbay had outlawed any home that was not owner-occupied. Now they’re beginning to sue the violators.
