Yes. A note on the interest part--your state's law will dictate what interest, if any, you will receive. And you will assume the HOA's liability--if the lien is later declared invalid, you will be responsible for the homeowner's court costs. Make sure that it is a part of the sale of the lien that the HOA will cooperate in any foreclosure proceedings that might occur to collect the lien--without them, the homeowner will likely win.
Yes, a homeowner association or other homeowners in a community can take a homeowner to civil court for overdue assessment fees in Florida. The homeowner association or other homeowners would need to file a lawsuit against the homeowner, seeking a judgment for the unpaid fees. If successful, the court may order the homeowner to pay the overdue fees, as well as any associated legal costs or penalties.
Reverse mortgage fees are expensive in the long run. Several homeowners have relied on reverse mortgages hoping to save their homes and still didn't succeed. Be sure to talk to your finance agent. A reverse mortgage does not fit the interest of every homeowner.
Homeowner association fees are NOT deductible on the individual taxpayers 1040 income tax return.
In the defense of the Insured.
You can search the Sterling Davis act which is the statutes for CA Common interest communities. I think all back homeowner fees convey
No. Broker Fees are investment expenses but are not investment interest expenses.
Capital One charges interest fees when the balance on the credit card is not paid in full each month. The user will cease to pay interest fees when the balance on the credit card reaches zero.
No.
They don't have interest rates they just have member fees. You have to pay these fees each month in order to keep the card.
Typically, the deed holder is responsible for paying Homeowner Association (HOA) fees, regardless of whether they are asked to leave by the homeowner or not. The responsibility for HOA fees is tied to the ownership of the property, not the occupancy status. So, even if the homeowner asks the deed holder to leave, they will still typically be responsible for paying any outstanding or future HOA fees until the deed is transferred to another owner. It is important to review the specific HOA rules and regulations and consult with legal professionals for accurate and personalized advice.
Interest Expense
A homeowner can sell their house on their own without a realtor to avoid paying realtor fees. The seller would be a private seller. Another way is to negotiate with the buyer to pay for realtor fees.