From an integrity stand point, yes, you should. However, there is really no recourse on the HOAs behalf other than to place a lien on the property. Which, if it's foreclosed, will then become the burden of the foreclosing bank. If you are living in the property, then I would continue to have insurance because this also covers your personal belongs (the amount of that coverage set by you and is factored into the premium). And by law, I believe you need to have hazard insurance and could face a law suit should something happen.

Tara

Tara Steinke
Residential Sales & Appraisal
Covering all of San Diego County
619-384-6014
SDRealtor.Tara@gmail.com

Technically yes, you should, will they kick you out any faster no. I would urge you to visit my blog on what a foreclosure will do to your credit. I would also suggest you explore doing a short sale vs foreclosure. I am affiliated with a company that purchases pre-foreclosure homes cash. This option costs you nothing and with new federal regulation you could receive $1,000 in assistance.

you are supposed to yes, if you are living there and using community resources it is very unfair to the rest of the homeowners for you to be living there and not paying...