If you are like many homeowners in Georgia, you have monthly homeowner association fees, more commonly referred to as HOA fees. When you file bankruptcy, any HOA fees that you owe are included in your bankruptcy petition and are discharged when the case is complete. However, most people aren’t aware that HOA fees continue after you file bankruptcy, even if you surrender the house to the mortgage company, the homeowner is liable for the HOA fees until the deed to the house is transferred out of your name.
If you are filing bankruptcy in Georgia and own a home with HOA fees, be sure and discuss your HOA fees with your bankruptcy attorney. With foreclosure proceedings taking a year or more to complete, it may be advantageous to you to stay in the house for a while after your bankruptcy case is over and continue to pay the HOA fees.
The bankruptcy attorneys at The Ballard Law Group have extensive experience with mortgage foreclosures and HOA fees. We offer a free initial consultation so that you can discuss your case and find out whether bankruptcy is the right solution for your financial problems. Call (404) 800-9939 to schedule a free initial consultation with an experienced Georgia bankruptcy attorney at either our Lawrenceville or Atlanta location.