Asked by Brooke McMillan, Dandridge, TN • Fri Sep 26, 2008
I just purchased my first home in August. It was new construction in an uncompleted development. Once the development is completed, a Home Owners Association is to be formed. My fiance and I are doing OK on our budget right now, making our mortgage payments on time, but if they vote to collect dues every month/quarter/year, we may not be able to afford it. Is there any way to get out of having to pay these dues (if they vote to have them) since we got in the neighborhood before the HOA is formed? In the restrictions it does say that each lot counts as one vote, so we will have a vote, but what if we simply can't afford our home owners dues??
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