Quote:
Posted By LindaM36 on 04/20/2021 9:03 AM
Can the HOA put a lien on my property for a $1000 fine?
Honestly, it's possible.
It will depend on your governing documents.
I've seen Associations apply assessment payments to monetary penalties first and then toward assessments. If this is the case within your Association, the answer would be yes but in a round about way.
Example:
Assessment $500 month
Monetary penalty (fine) $1,000
Apr 1 - assessment due - $500
Apr 2 - Fine assessed - $1,000
Balance - $1,500
Apr 5 - payment - $500 (applied to fine)
May 1 - Assessment due - $500
May 5 - payment $500 (applied to fine)
Jun 1 - Assessment due - $500
Jun 5 - Payment - $500
Balance - $1,000 (past due assessments as fine was paid off)
Lien filed for past due assessments