3 NEW HOA LEGISLATIONS HOMEOWNERS NEED TO KNOW! | Texas HOA Policies & Laws
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- čas přidán 15. 08. 2024
- If you own a property in an HOA in Texas, you need to watch this video!
This week, I am going to share with you the three most recent legislations that have been passed for HOAs and how they affect you as a homeowner!
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CHAPTERS:
0:00 Intro
0:53 HB866, Notices before a lien is placed on the property
2:43 HB1193, Property owner can rent to a tenant that relies on housing payment assistance
3:31 Adopting an enforcement policy regarding on levying of fines by the association
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I will NEVER buy a home in an HOA.
You are not the first person I've heard that from!
So if the HOA foreclose on a home purchaser that means the HOA is taking over that mortgage being they wasn't in first position on that loan?
That's a great question that I'm not sure I know the answer to. I hope it doesn't ever get to that point for a homeowner.
The best way to avoid any HOA nonsense is to tell your realtor that you will not even consider a property that is in an HOA
neighborhood. A neighborhood that I lived in tried to form an HOA after I had bought a house there and told me that I had no choice but to be in it. WRONG. Read your civil codes . In my state, if you purchase a house where there is no existing HOA your property is exempt from joining if you choose not to.
Definitely let your realtor know that being in an HOA is a deal breaker for you and they can omit those homes from your searches. Thanks for your comment!