"In this world nothing can be said to be certain, except death and taxes." https://t.co/N6NY0CLvY9 via @BrainyQuote — Mike Foxworth (@ALTALOMAN) April 27, 2017 Nobody buys a home, much less buys into a homeowner's association, with the expectation that the home will one day be destroyed by a natural or man-made disaster. But that reality is real world to thousands in the Smoky Mountain resort of Gatlinburg, Tennessee. ▶ SEE STORY .  Perhaps this story is real for you or may become so one day. What the Gatlinburg story explains well is that homeowners in HOAs may only escape the obligation to pay HOA obligations when they sell the property and transfer title to someone else. Related Reading Gatlinburg rebuilding months after deadly fire Preparing for the Future Using Lessons From Hurricane Sandy Drawing on Firsthand Experience to Depict the Horrors of Hurricane Katrina The journey to earthquake preparation, awareness https://goo.gl/jP...

As I have revealed before, in November 2011 we moved into our current residence, what we expected to be our final home purchase for retirement.  We also moved into a common interest development (CID or HOA, homeowners association) of 1317 units, including 170 condos (our choice).  Little did I know then what I know now.  Not that there are some benefits, pleasures, and perks that come with HOA living. My caveat: Just weigh all the facts before you make that purchase. While you are reading the lead story of this clip, make sure you visit the many reader comments on the topic. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES © Now with 2,220+ followers on http://socialcurrent see.com [ View the story "HOAs: Knowing what we don't know" on Storify ] "Excellence is to do a common thing in an uncommon way." ~Booker T. Washington #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) July 28, 2015

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. The foreclosure process can be started by homeowners associations (HOAs) and common interest developments, but not without some careful consideration and following the laws of California or other states. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES ® [ View the story "HOA foreclosures: The Kelly File" on Storify ] "No amount of ability is of the slightest avail without honor." ~Andrew Carnegie #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) May 25, 2015