02-10-2017, 12:43 PM
kahunascott wrote: You need to read the bylaws. Not paying your Road Fees will get your home liened and they can foreclose as well. That will look good on your credit report
Not paying your road fees will put a lien on your house once you're $500 in arrears. So one yr + so many months won't prompt a lien. I believe 10% per year late fees kicks in starting in April of each yr. Some subdivisions won't even try foreclosures bc it costs too much.
As for bad credit reports... How long would it take before it affects one's credit report? Someone would need to research that one.
If you're in arrears, at membership mtgs you can speak during owner input but you can't vote. Can't be a chair on a committee and can't serve on the FC or the Nominating Committee. If that's not an issue for someone, there you go...
Seems to me what's being conveyed is that it's more about making a statement...and that's everyone's choice. I think the longer it takes before our road and easement issues are resolved, more and more members will be joining them. I think we've all been very patient so far.
Not paying your road fees will put a lien on your house once you're $500 in arrears. So one yr + so many months won't prompt a lien. I believe 10% per year late fees kicks in starting in April of each yr. Some subdivisions won't even try foreclosures bc it costs too much.
As for bad credit reports... How long would it take before it affects one's credit report? Someone would need to research that one.
If you're in arrears, at membership mtgs you can speak during owner input but you can't vote. Can't be a chair on a committee and can't serve on the FC or the Nominating Committee. If that's not an issue for someone, there you go...
Seems to me what's being conveyed is that it's more about making a statement...and that's everyone's choice. I think the longer it takes before our road and easement issues are resolved, more and more members will be joining them. I think we've all been very patient so far.