Home  ›  Colorado Land Trust  ›  Land Trust Prevents HOA Judgments

Land Trust Prevents HOA Judgments

One of the dangers of owning a property in a subdivision or condominium building is that by simply taking title to the property you are agreeing to be personally liable for the HOA dues.  This means even if you walk away from the property, the HOA can sue you personally for the debt.

Using a land trust to hold this one property will mean that the trust, not you, are liable for the HOA dues.

Share this...Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0Share on Tumblr0Digg thisPin on Pinterest0Share on Reddit0

Help us improve the wiki Send Your Comments