In the USA, can you lose your home even after it is 100% paid off?
Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?
Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?
This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs
Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid).
I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed)