Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • firecat@kbin.social
    link
    fedilink
    arrow-up
    4
    ·
    7 months ago

    You do know HOA is a company and not a government entity right? These companies buy a lot of land and create different HOA policies. Buying land means you own the land, HOA cannot legally buy land that’s owned. There’s lots of newspapers reporting about it, sometimes being a joke.

    • squiblet@kbin.social
      link
      fedilink
      arrow-up
      2
      ·
      7 months ago

      I’m well aware of that, yes. However, HOAs usually insert a clause in the deed. People have tried fighting them and lost many times. Maybe some have won, idk. But personally I’d just buy land somewhere that doesn’t have one.