payments but the previous HOA was not crediting them. They were able to transfer the balance to the new HOA and I was able to close on my new house.**
When I bought my first house in 2011, I wanted to make sure my family was taken care of. My parents, uncles/aunts, and grandma were all going to be living with me, so I wanted to make sure they could handle the mortgage payments. I found the perfect home and got married in 2014, and my family took over the payments.
Fast forward to now when I’m buying another house, and my lender asked for my HOA statement. That’s when I found out I owe $17000 in HOA fees that I had no idea about. Apparently, the old HOA had been replaced and the balance from the old HOA was transferred to the new one, but my family was not communicating this to me.
I was worried that owing this much in HOA would prevent me from buying a new house, but thankfully, I got some great advice. I called the new HOA and they were able to provide me with an itemized bill. It turned out that my family had been keeping up with the payments, but the old HOA wasn’t crediting them. I was able to transfer the balance to the new HOA and close on my new house.
I’m so glad I listened to the advice I was given. I was able to get the HOA situation sorted out and purchase my new home. I’m grateful for the help and support and relieved that the $17000 HOA debt didn’t get in the way of my new house. I’m now the proud owner of two houses, and my family is taken care of in both of them.