Articles Posted in Homeowners Associations

What Happens if a Homeowners Association Goes Bankrupt?
Long & Long Team

Most homeowners belong to homeowners’ associations, also known as condominium corporations. These associations handle everything from general maintenance, setting rules for landscaping and garbage pickup to arranging community events and member recognition awards. Just like any other organization that runs on money, an HOA can go bankrupt, especially if it mismanages its funds over time.…

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