Canyour HOA ruin your credit?

http://blog.credit.com/2014/09/hoa-wreck-your-credit-95900/

And before you buy a home within one of these communities, make sure you read and understand the deed restrictions. “If you paint your house, you had better pick exactly the right color if you live in a home that is subject to a homeowners’ association. If you are late on your assessments, you may find yourself out of a home,” warns Kenneth G. Eade, an attorney who has seen both of those situations and plans to incorporate those kinds of problems in his next novel in the Brent Marks Legal Thriller Series. “These (battles) have diverted the income that my clients could have used to remedy these petty problems when HOA busybodies would rather litigate to get their way than to compromise. “

“Does it affect your credit rating?” he asks. “That and all other aspects of your financial life!”

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