The Arizona Republic recently published an investigative series about homeowners who have lost their houses as the result of foreclosures by their homeowners’ associations. As happens periodically, some people have pointed to these events as demonstrating the need for closer government regulation of homeowners’ associations. My own view is that the process by which homeowners’ […]
Posts Tagged ‘home owners association’
REAL ESTATE LAW UPDATE: June 2015
How Does the Homestead Exemption Work, and
Should It Allow You to Not Pay Your Homeowners’ Association Assessments?
Most homeowners have probably at least heard of the homestead exemption. Many probably don’t fully understand how it works, however. The homestead exemption protects up to $150,000 of equity in your home from the claims of creditors (with some important exceptions that I will discuss in a moment). What do I mean when I say that […]