Withholding Monthly Assessment

Started by BettyO1 • 3 replies • 1334 views

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BettyO1
Posts: 104

Posted:

Can homeowners put monthly fees in an escrow account in an effort to pressure Board to stop violating some CC&R's and building codes?

DJ1
Posts: 791

Posted:

This guy did just that...and lost his home.

http://www.wftv.com/news/25745226/detail.html

BrianV1
Posts: 11

Posted:

Nope...
http://www.davis-stirling.com/MainIndex/DutytoPay/tabid/1400/Default.aspx

Sounds like it is time to vote some different board members in. Or go to court.

MaryA1
Posts: 388

Posted:

Betty,

The very worst thing an HOA member can do is to withhold paying their assessments in protest of the board's actions. I know a person who was embroiled in a court case with the HOA and in protest placed the assessments in an escrow account. As a result she almost lost her home and several other homes she owned in the HOA. Not paying the assessments equates to being delinquent. Not paying your delinquent account means the assn can place a lien on your property and also foreclose if the lien remains unpaid.

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