A homeowners association, or HOA, is an organization that establishes and enforces guidelines in planned communities or condominiums. The HOA is usually responsible for the maintenance of common areas, some insurance coverage, and deed restrictions. Most buyers of homes or units within an HOA will automatically become members of the HOA, which means they will pay dues and be subject to the association's rules and regulations. Some homeowners association fees can be much higher than others, … Continue reading...