Arizona Homeowners Association Debt Attorney
Experienced Bankruptcy Law Firm Serving the Phoenix Area Since 1994
Townhouse and condominium sellers are sometimes shocked to learn that they are legally responsible for years of homeowners association dues accrued long after they thought a bank foreclosed on their property. Their first question is often "How did this happen?"
The answer is usually that the bank did not follow through with its intent to foreclose on the property. A notice of intent to foreclose does not equal an actual foreclosure. When banks fail to initiate and follow through on the full foreclosure process:
- The homeowner remains the owner of record for the property years after moving out and allowing the bank to re-establish ownership of the property.
- The homeowner can be responsible for back dues, late fees and attorneys fees following a judgment.
The best way to prevent the above situation is to work with an attorney during your foreclosure. An experienced bankruptcy lawyer can use a range of legal options to prevent the unanticipated accrual of homeowners association dues, including a deed in lieu of foreclosure.
Deeds in lieu of foreclosure allow homeowners to voluntarily give up the deed. When you implement a deed in lieu of foreclosure, you receive assurance that:
- You are indeed no longer the owner of the property in question.
- You will not be responsible for future homeowners association dues.
In Phoenix, some banks purposely avoid the need to pay homeowners fees by opting not to foreclose. If you need legal help regarding homeowners association debt in Arizona, contact a Phoenix HOA debt attorney at our firm.
Contact Us
To learn more about how The Roll Law Office, PLLC, can help you get a financial fresh start, please contact us today to set up a free consultation. We operate offices in Tempe, Mesa, Scottsdale, Glenwood and the White Mountains/Show Low, Arizona, and can be reached at 866-603-1533 or 602-652-2403.
