When you miss a payment, your HOA will typically notify you that you’re late on your dues and outline the consequences, such as being charged a late fee or interest until it’s paid. The association could also outline any legal consequences if you continue to miss or remain delinquent on your payments.
Here are some scenarios that might happen to you if you fail to pay your HOA fees.Your HOA could, as an additional or next step, restrict or eliminate your access to common areas or amenities such as the gym or pool. The idea is to encourage you to pay your HOA dues to reestablish your privileges.If your payments continue to be delinquent, your HOA could hire a collection agency to obtain the missed fees. This could result in more notices like phone calls and letters in order to get you to pay.If legally allowed, your HOA can sue you for the unpaid dues, fines and any interest that’s accumulated. If this happens, your HOA may have the right to garnish your wages to take what’s owed from your bank accounts. #missedHOApayments,
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