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Depending on what is covered, particularly if you are buying a condo, the fee could be nearly as high as your mortgage payment.. Bilgi says potential buyers need to carefully study what the HOA fee includes and compare that to what they would pay for similar services outside of an HOA.
Membership dues should be taken very seriously by homeowners who are involved with a mandatory HOA. In some cases, HOAs have taken their members to court for neglecting to pay fees. According to NPR, the HOA can also force the members to pay for any necessary court costs associated with the case.embership dues should be taken very seriously by homeowners who are involved with a mandatory HOA. In some cases, HOAs have taken their members to court for neglecting to pay fees. According to NPR, the HOA can also force the members to pay for any necessary court costs associated with the case.