People who own homes that are part of a homeowner's association, or “HOA,” are usually required to pay fees and assessments. The assessments help maintain the community’s common areas and cover the cost of community services. If a homeowner fails to pay up, the HOA could begin Foreclosure.
HOAs have even been known for starting foreclosures in cases where homeowners are behind on even a relatively small amount of assessments. If you live in a planned community and you are facing an HOA Foreclosure, there may be a number of options available to you to stop it in it's tracks.
If you need help negotiating an alternative, or you think you have a legitimate defense to the Foreclosure in Nevada, set up a Free Consultation today.
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