Ie HOA, city or county.

Hello,Purchased a property from the county auction, comes to find out i paid off the HOA foreclosure. there was a mortgage attached.

One other thought is fully furnished mid term rentals.. these have worked very good for us in Vegas we get a double or better rent premium on ours.. much less work than STR and you dont have to worry about ordinances or HOA restricting them..

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

If HOA fees, HOI Fees, and taxes haven't crumpled some it will.

There is no HOA  and the setting is such that a person would not drive up and necessarily see the roof.

No, the taxes and insurance, along with HOA dues if required, are part of the payment and are taking into account.

I would say the only people that could sell their property for market value or higher are people that have cookie cutter homes (ie Condos, town homes or homes in HOA communities and where homes are renovated).

Many other have warned about HOA's...stay away from any neighborhood that doesn't have an HOA and isn't zoned specifically to be STR.

Is there an HOA rule against smoking in the back yard?