real estate






 

Question by  thivya (9)

Is it illegal to lie about an HOA during a home sale?

I was not told there is an HOA when I purchased my home.

 
+8

Answer by  patti (29325)

Withholding information is not a lie. Unless your purchase agreement details the required membership in the HOA as well as fees/dues, you are mostly likely not bound. If it is a condo, or a free-standing home in a community with a pool, tennis and other amenities, you might have asked.

 
+6

Answer by  bitchstewie (489)

Illega? probably not but you will be opening up to contractual problems by not being forthcoming about the HOA. Full disclosure is important.

 
+6

Answer by  kimmyg (8)

Yes any thing that is considered a material fact must be disclosed before the sale is complete and Home Owner Association costs, restriction and information is certainly a material fact.

 
+5

Answer by  partyanimal33 (452)

In most states, it is not illegal. But there is a difference in the seller telling you there is not a HOA when there is one and them just not telling you anything. When you buy a house in a neighborhood, it is always something you want to remember to ask.

 
+4

Answer by  LeheckaG (1826)

In real-estate (as in most-purchases), Buyer-Beware. Due-diligence prior to closing/escrow is primarily the-buyer's-responsibility. Your-state might-have disclosure-laws/rules requiring realtors/sellers to make full-disclosure; Your-specific-legal-resource depends on your-state's-regulations. If you were not told about your-Home-Owners-Association, Then they did NOT "lie" to you, Unless they said there was NOT a HOA, But they did FAIL to make full-disclosure. Your-Deed/Title-insurance/search SHOULD have disclosed your-HOA.

 
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