Question:
I was under the impression when I bought my home that my hoa payment was included with my loan. I just received a bill for $400 included late payments and assessments on top of monthly charges? I’m a little upset that I received little to no info regarding my property and your rules/expectations or like a welcome packet to let me know what you guys do anything like that. I’m a first time home buyer and have been blindsided by the Solar payment and hoa I was told by my lender that all of this was bundled so this has all been a big shock to me. Can you please explain these assessment fees and why there’s 2 of them in the last 4 months? The monthly price seems pretty high considered my front yard looks like crap. Why does everyone else have a tree in their front yard and I dont?
– Evan
Answer:
Hi Evan,
Homeowners associations typically charge monthly dues to members of the community, and homeowners are obligated to pay them. When homeowners fail to pay them, the HOA can charge late fees and interest. You will find these obligations written in the governing documents of the HOA, which should have been supplied to you by the seller during the home purchase process.
To better understand the fees that have been charged to you as well as the landscaping in your yard, it is best to contact your HOA board.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
