One of the main reasons AZ residents file for bankruptcy is overwhelming debt that includes their home. Whether people are trying to get out from under mortgage liabilities through Chapter 7 bankruptcy or looking to save their home by filing a Chapter 13 bankruptcy payment plan, a home is a significant part of the decision
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Posts Tagged ‘Homeowner’s Association’
HOA Dues and Bankruptcy in Phoenix Arizona
Wednesday, June 27th, 2012Will Bankruptcy Stop my HOA Dues?
Monday, November 14th, 2011The Homeowners Association dues that you pay help run the neighborhood’s operations including landscaping, maintaining recreational facilities, providing security, and sometimes exterior home maintenance. These dues are a legal obligation and personal responsibility that was incurred when you purchased the home and these dues are separate from your mortgage. LIKE the mortgage, the HOA dues
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HOA Dues and Bankruptcy
Thursday, November 18th, 2010When you surrender your home in bankruptcy, the personal liability for dues that are outstanding when the bankruptcy is filed are discharged. However, you are still responsible for post-filing debts that are incurred.
