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Updated over 10 years ago on . Most recent reply
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Determining if a property is in an HOA
When you purchase real-estate through normal channels, HOA details are part of the disclosures you see in the paperwork. When looking at potential note investments, HOA can be a real concern in the super-lien states. I generally avoid condos altogether, but that doesn't cover the bases completely. I have not yet found a way to quickly and reliably determine if a property belongs to an HOA as part of DD. Sometimes it shows up on BPOs but this is not reliable IMO.
I am sure some of the long-time veteran note investors out there have some insight here. What are your thoughts?