What Happens if You Stop Paying Homeowners’ Association Fees?
If you own a townhome, condo, or other type of attached dwelling, you may be obligated to pay Homeowners’ Association (HOA) or Condominium Association (COA) fees. These fees typically help to pay for building maintenance and yard work, trash and sewage, insurance and repairs in the event of a natural disaster, such as severe rain or wind damage.