Homeowners Association

A homeowners association is a legal way to insure that there would be certain rules in place to govern the way people live in a particular community. It can be a high-rise building, golf course development, townhome community or traditional neighborhood. Check out our articles and blog posts for more information about homeowners associations.

Featured Homeowners Association Article

Cancellation Of Contract Possible Due To Undisclosed Homeowner's Association

Added July 2, 2009 by Samuel J. Tamkin

The homebuying process is full of surprises. Some homebuyers will find out that a home they are looking to buy has title defects, construction defects or, as in the case of this reader, the home to be purchased belongs to a homeowner's association. When a buyer is faced with these surprises, the buyer may see if a cancellation of the contract is possible. In some cases cancelling the contract is specifically permitted under the contract but in other cases the attempt to cancel the contract may lead to litigation.

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What's A Town House?

January 14, 2008

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(1:30)

Summary:

Town houses are another option when you want to buy a home. They tend to be larger than a condo or co-op but likely still have a homeowners association. Make sure you understand the terms of the sale as a home buyer.

Watch Video: What's A Town House?