HOA Credit Reporting: Scary Stuff

Credit reporting agencies see an incredibly lucrative opportunity in Homeowners Associations. And corrupt HOA boards see a marvelous way to further harass homeowners who dare to fight back against the Lawn Nazis. Hold back your dues because your HOA is doing something blatantly illegal, and it’ll lower your credit score.

Hire a lawyer to fight back against an unjust fine or lien, and yup, you might not be able to get that car financed or that mortgage modification approved.

These fundamentally unconstitutional institutions (try saying that three times) have found a new way to hammer beleaguered homeowners. It’s beyond belief, and it very well could end up contributing to the coming collapse of the HOA housing market. The more you learn about HOA abuse, the lower go the property values in HOAs. Developers, government agencies, embezzling management companies and abusive board members love seeing this happen. It’s more money in their pockets which means less in yours.

(the credit reporting HOA goliath)




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Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

1 thought on “HOA Credit Reporting: Scary Stuff

  1. Sheryl Moulton

    If HOA financed assessments might be considered “credit transactions” by credit reporting agencies, then should HOAs comply with Truth in Lending Act TILA?

    TILA requires financial disclosures, while prohibiting non-judicial foreclosures and forced arbitration.


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