If you're considering a home in a community with a homeowners association, there's something important you need to know before you sign anything:
An HOA can foreclose on your home over unpaid dues — even if your mortgage is completely current.
It sounds surprising, but it's true. HOA debt is treated separately from your mortgage. And across the country, including here in Florida, HOA foreclosures have been on the rise.
I put together a short video breaking down exactly why this is happening, what red flags to look for before buying into an HOA community, and what to do if you're already behind on dues. You can watch it below ⬇️
A few key takeaways if you're house hunting in Jacksonville:
- HOA liens can escalate quickly, sometimes faster than homeowners expect.
- Many associations are less flexible than they used to be, due to their own rising costs.
- Before buying into an HOA community, ask about the association's financial health, reserve funding, and history with delinquent accounts — not just the amenities.
If you're currently buying, selling, or just weighing whether an HOA community is right for you here in Jacksonville, I'd love to help you think it through. Feel free to reach out, or leave a comment below with any questions.
Mike
Mike And Cindy Jones, Northeast Florida and Jacksonville Real Estate
904 874-0422
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