S.C. Bill may get rid of foreclosures

South Carolina introduces a bill that may take away the right for an HOA to foreclose!

You may not have to pay HOA fees if you live in South Carolina!

South Carolina is introducing a bill that may take away the HOA ability to foreclose on home. Many assume it is the HOA Manageent Company that has the authroity to foreclose, however; it is the Corporation which is the HOA that has the ability to foreclose on a condo, townhome, singlefamily home, etc. The inability to foreclose may cause non-payment of assessments to spike!

In the example listed in the video, it appears the legislation will only effect single family HOA communities.

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