New Bill That Affects HOA's.

A new bill that affects HOA's went into effect this year. The new law brings new restrictions to homeowner associations and will require them to give homeowners 3 to 18 months to pay off late dues or fines.

Homeowners will also be allowed to contact their association directly about their late payments, even if the association has retained an attorney or collection agent.

Homeowners can now prevent their HOA's from using foreclosure ifthe ban is approved by 2/3 of its members.

Effective September 1, 2011 HOA's will  be required to get a court order brfore foreclosing.

Homeowner advocates say they have been fighting for the protections for years. "This is the first time we got protection that had real teeth." said Harvella Jones, president of the Richmond-based National Homeowners Advocate Group.

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