Should I stop paying my HOA dues if I do a short sale?

Should I stop paying my HOA dues if I do a short sale?

East valley Team memberKristin LaVanway talks about how not paying your HOA dues can kill your short sale.

When we sit down with a new client to discuss handling their East Valley short sale there is two things we are always going to tell them, talk to a lawyer and make sure you pay your HOA dues.

Not paying your HOA dues can kill your deal. Yes we know you may not be paying your mortgage, but it is unlikely the bank is going to pay for back HOA dues and if you and the buyer do not want to pay them you are going to be stuck.

Make sure you pay your HOA dues, period.

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Trackbacks

  1. [...] Here’s a great little video from Kristin LaVanway of the East Valley Team at Thompson’s Realty. [...]

  2. [...] on June 10th, 2010 in Deedstreet News | No Comments » EAST VALLEY Should I stop paying my HOA dues if I do a short sale? East valley Team memberKristin LaVanway talks about how not paying your HOA dues can kill your [...]

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