Homeowners Association (HOA) Law

Minnesota Homeowners Association Laws

With the Twin Cities housing bubble bursting, many homeowner associations (HOA's) are finding their organizations in a financial bind. In recent years, many condo purchasers used "creative financing" terms, requiring no down payment, to buy their condominium. When their financial situations change and expenses go up, they have to make a decision between making the mortgage payment and paying their association fees. They almost always choose the mortgage payment.

Economic forecasters say that in the next few years, 20% of condominium mortgages will be foreclosed, leaving no equity in the property for the HOA to make up for the unpaid dues. If you see this crisis on the horizon for your homeowners' association, contact an attorney at Patrick Burns and Associates today.

• Cost-effective Strategies Creative Solutions for Legal Problems

In our practice we represent more than 50 HOA's across the Twin Cities and greater Minnesota. We draft bylaws, assist with bylaw enforcement and amendments to the HOA rules. We advise associations regarding their rights and responsibilities. We help them decide what actions they can take against difficult homeowners who violate homeowner rules and regulations.

Lien Foreclosure

Many homeowner association board members realize too late that a simple lien foreclosure that gives the association the right to the property is subject to the first mortgage holder's rights. What this generally means to the homeowners' association is that they have an absolute right to zero equity in the foreclosed property, and cannot get at the debtor's other property. We have a solution for this problem.

Read more about our lien foreclosure practice.