@diana_talks_realestate: Buying a condo or townhome may seem like the affordable way to become a homeowner… until the HOA hits owners with a massive special assessment. Most buyers never review the HOA financials, reserve funds, meeting minutes, lawsuits, or deferred maintenance before buying. That mistake can cost homeowners tens of thousands of dollars after closing. And yes — in many states, if you don’t pay the HOA assessment, the HOA can place a lien on your property and potentially move toward foreclosure, even if your mortgage is current. Before buying in an HOA: • Review meeting minutes • Check reserve funds • Look for pending repairs or lawsuits • Ask about upcoming assessments A low HOA payment does not always mean a healthy HOA. Check my FREE homebuyer checklist in bio before you buy. #HomeBuyingTips #HOA #FirstTimeHomeBuyer #RealEstate #Homeowner

Diana Talks Real Estate

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Monday 11 May 2026 21:12:42 GMT