Are any of home owners associations fees deductible?

Answer Usually not, since your assessments pay for services and contributions to your reserve accounts.

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After a foreclosure are you still liable for the banks attorney fees or your delinquent home owners association fees?

Foreclosure of an HOA unit usually means that someone other than you owns the unit.Depending on your situation, and depending on the claim filed for monies you owe, you may be personally liable for... Read More »

Are home owners associations considered to be non for profit?

If the association is structured as a non-profit corporation, then that's what it is.If the association makes money on its assets, for example, by renting its clubhouse, or operating a for-profit g... Read More »

When did home owners associations created?

Home owners associations, condominium and co-operative forms of real estate ownership are common world-wide, and under more names or definitions than those stated here. High-density, multi-family ... Read More »

Washington State Home Owners Associations?

The Revised Code of Washington defines a homeowners association (HOA) as a legal entity in which each member owns residential real property within the association's jurisdiction, often a subdivisio... Read More »