FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RXhRW62NYQ5imtM7qjDgH0
Label Homeowners Association Forclosure
Preferred Label HOA Foreclosure
Identifier N/A
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Definition

Homeowners Association Foreclosure is the legal process by which a Homeowners Association (HOA) takes possession of a property within its jurisdiction due to the homeowner's failure to pay association fees or fines. The property is subsequently sold to satisfy the outstanding debt, and the process is governed by state laws and the HOA's governing documents.

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See Also

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Parent Class Of 0

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Additional Information

Metadata

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Description

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Editorial Information

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Deprecated

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Source and Origin

No source or origin information available