HOAs Have Incredible Foreclosure Powers
The power of an HOA to foreclose is greater than that of any bank or lending institution. Homeowners move into HOA neighborhoods never realizing how unforgiving Homeowners Associations can be.
Luisa Casas, an immigrant from Colombia, moved to Atlanta, Geogia and became a U.S. citizen. But she is now learning what tens of thousands of other Americans have discovered: an HOA has the power to arbitrarily take your house and sell it at auction, even if you’re just a few cents or a few dollars behind on your dues.
