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Your Homeowners Association Questions Answered

WKBT January 7, 2021 9:05 AM Bob Musinski - Forbes Advisor Posted: Updated: January 9, 2021 5:59 AM A homeowners association (HOA) can be a blessing or a curse to those who belong to one, depending on whether the association is well-run, has reasonable fees and isn’t overly restrictive. If you’ve never lived in or even heard of–an HOA, here are some things you should know about one of the fastest-growing trends in home ownership. What Is a Homeowners Association? A homeowners association is a membership organization run by a board of directors–usually neighborhood volunteers–that regulates and manages a building, set of attached homes or a single-family neighborhood.

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