Is HOA Litigation Preventing You From Selling Your Home?

HOA Litigation Doesn’t Have To Stress You Out About Selling Your Home. However, You Need To Play It Right

hoa litigation

There’s nothing that throws a wrench into your plans to sell your home like lingering HOA litigation. Believe it or not, lawsuits involving homeowners associations have prevented thousands of homeowners from selling their homes. 

The Community Associations Institute estimates there are 345,000 to 347,000 community associations in the United States as of 2017. Thus, nearly 26.3 million households and roughly 69 million residents live under homeowners associations.

Most HOA litigation stems from unpaid member dues or spats between board members. Litigation can also stem from construction defects from the original developer or a contractor who worked on the project. It’s the litigation over construction that makes lenders and sellers nervous.

Read more at MFI-Miami

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s