What type of lien can be placed on homeowners who do not pay their home association fees? A security bail bond lien An HOA lien

Question

antiseptic1488 [7]

3 years ago

9

What type of lien can be placed on homeowners who do not pay their home association fees? A security bail bond lien An HOA lien

A municipal utility lien A vendor's lien

Business

1 answer:

klio [65] · Answer 1 · 2022-05-18T00:18:36+03:00

Answer: HOA lien

Explanation:

Homeowners associations (HOAs) are in charge of different operational and maintenance duties associated with a neighborhood or building. Homeowners associations are financed by dues from the homeowner members.

In a situation whereby the homeowners members delay their dues or does not pay their dues, Homeowners associations can place liens on the homes of their members. A lien is a legal hold on a property.