HateTheHOA Wrote:
-------------------------------------------------------
> <<<>>>>
>
>
http://leg1.state.va.us/cgi-bin/legp504.exe?000+co
> d+TOC55000000026000000000000
>
> The following applies to condo's,but the language
> is the same for homes:
>
> "I. At any time after perfecting the lien pursuant
> to this section, the unit owners' association may
> sell the unit at public sale, subject to prior
> liens. For purposes of this section, the unit
> owners' association shall have the power both to
> sell and convey the unit, and shall be deemed the
> unit owner's statutory agent for the purpose of
> transferring title to the unit. A nonjudicial
> foreclosure sale shall be conducted in compliance
> with the following:"
>
> Apparently, the only way to prevent them from
> taking your house if they are dead set on
> foreclosure if you fail to pay your HOA dues, is
> to declare bankruptcy, or pay the lien.... I
> thought the law protected people from having their
> house taken by HOA's, but apparently not. This is
> dangerous, as an unscrupulous HOA could just sell
> an house right from under a person. I'm thinking
> of the elderly who could be taken advantage of
> here.... I've heard of this happening in Florida
> and the article cited below says that Florida and
> Texas are the only states that have laws that make
> it harder for a HOA to foreclose....
>
> Interesting article:
>
>
http://www.legalaffairs.org/printerfriendly.msp?id
> =657
I think the law is slightly different for condos since the unit you "own" is in a building owned by a management company or the collective owners of all the units.
With a house, you own the property and the structure, so the HOA is really just a covenant that I can't believe has any ownership preceding your's.