Read your governing documents to determine your assessment payment responsibilities, including amounts and due dates.
You can find the answer you want in your governing documents.
Owners pay HOA assessments, in monthly or in annual payments. These payments are the revenue source for the operation of the community. Past-due assessments in escrow may be paid to satisfy a lien.
The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.
The titled owner is responsible for taxes and assessments: if such an owner is a bank, the bank is responsible.
Association assessments are paid by the owner of record. If your name remains on the deed, you owe assessments.In most cases, the homeowner or unit owner is responsible for paying the HOA fees prior to the foreclosure. Once the lender takes legal possession by foreclosure no further fees are added to the amount due but the HOA can pursue payment of the past due amount. In Florida, an HOA can go after a homeowner for past due fees even after the bank has foreclosed by using the process used for a 'deficiency judgment'.
Yes.
If your property is an investment property, visit with your tax counsel to determine what expenses to deduct. If your primary residence is in an HOA, visit with your tax counsel to determine what expenses to deduct.
A local realtor can give you the answer you seek.
Sorry, our crystal ball is in the shoppe for repairs and we are not able to predict the future for you in this situation.
If you believe the HOA is not upholding their responsibilities, you may choose to challenge the fees in court. However, consider discussing your concerns with the HOA first to seek resolution. Review your HOA agreement and consult with a legal professional before taking any legal action.
You can find the answer you want in the annual budget for the association.