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Does an association have a mortgage?

Updated: 8/19/2019
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12y ago

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It is not common for homeowner's associations to grant mortgages. However, a quick check in the land records under the name of the association would reveal any mortgages. In some cases a HOA may hold title to conservation areas, buffers or common areas and in that case they may have the authority to grant mortgages. This would be more likely in a planned community rather than a condominium project.

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