Home Owner Association
If your home is in an area controlled by a Home owner Association (or HOA), this organization is like having a second government. Like a government, it has massive rights to tell you how you can use your home. An HOA can regulate how long your grass can grow, whether you can park your vehicle in front of your home, how many people can live there, and decide if your kids can play basketball in your driveway.
An HOA will collect dues and assessments from you and other home owners to pave and maintain the roads and provide other amenities. Sometimes, an HOA is responsible for paying for trash collection, water, sewer, or other utilities and maintaining recreational facilities, liability insurance, amenities, and other necessary services to keep the community attractive and safe.
If you don’t pay your homeassociation dues or owe money for fines or assessments, Nevada state law grants an HOA special rights to take away the ownership of your property. This right is known as a “super-priority lien.” In simple terms, the HOA has the right to initiate foreclosure on your property, potentially leading to loss of ownership in as little as three months. HOAs are deadly serious about using these rights to collect money from homeowner. Do not expect your HOA to have compassion for your problems.
The HOA has all the power, and you have none. An HOA0 liens are even superior to your MORTGAGE. As a result, if your HOA sells your property through a foreclosure sale, your mortgage company may no longer have any rights to the real estate they financed. However, your mortgage company will still have the right to sue you to collect the mortgage debt.
At Las Vegas Debt Settlement, we are here to help. With our extensive experience dealing with HOA-related debt issues, we can offer practical solutions. However, it’s crucial to act immediately, as once the HOA sells the property, it will be too late for you to save your home. Immediate action is not just necessary; it’s critical.
As with many legal issues, complaining that the law is unfair, that the Home Owner Association is unreasonable, that the Home Owner Association fees and assessments are too expensive, or that the Home Owner Association is picking on you and ignoring your neighbors’ problems won’t get results. So let’s not waste time going there! Those issues might be something a real property hoa attorney las vegas could handle through costly litigation, but Las Vegas Debt Settlement doesn’t represent homeowners in Court.
Although you can hire many attorneys to fight for your principles in Court, that’s not what we do at Las Vegas Debt Settlement. Instead, we limit our role to negotiating with the Home Owner Association on your behalf, discovering ways to solve your debt problems, and helping you avoid foreclosure.
Most importantly, we can minimize your costs to achieve results. We understand the stress and uncertainty you may feel and are here to support you through this process. If you want to hire a lawyer to represent you in Court and fight for your principles, that’s not what we do. We aim to solve your HOA-related debt issues and provide you with relief and confidence.
It’s crucial to understand that your situation is urgent and of utmost importance. If the HOA is on the brink of foreclosing on your property, immediate action is necessary. If the sale is scheduled for tomorrow at 10 AM, the only certain way to stop the foreclosure is by filing a Chapter 13 bankruptcy. This legal process allows you to reorganize your debts and create a repayment plan, which can halt the foreclosure process and allow you to catch up on your Home Owner Association dues. If you don’t act swiftly and decisively, you could lose your home and still be responsible for the mortgage debt. It may not be easy, but it’s crucial to your financial well-being.
Essential considerations to assist Las Vegas Debt Settlement in solving this problem include understanding the following:
- How much money do you owe the HOA?
- Can we help you find ways to raise this money from your mortgage company, which has a stake in this situation, or from some other source, such as a personal loan, a family member, or a side job?
- Under what circumstances would your Home Owner Association be willing to accept monthly payments to resolve the past-due debt to them?
- Have you or your tenants been abusive to Home Owner Association or management company members? If so, are you willing to apologize and resolve not to act out again?
While dealing with an HOA that is aggressively pursuing collection can be daunting for an individual homeowner, it’s part of our daily work at Las Vegas Debt Settlement. We’re here to help, so don’t hesitate to contact us for immediate assistance and peace of mind.
