Owning real estate often means dealing with various issues related to that property. For some, that may simply mean maintaining the property and paying a mortgage and property taxes. For others, this may mean complying with certain regulations concerning their parcel of land. Specifically, if there is a Home Owners Association, property owners not only have dues but must also comply with the rules set by their HOA. Failing to do so could result in a real estate dispute.
According to recent reports, a family is Sarasota is dealing with a costly real estate matter concerning the fence they installed. Specifically, their HOA asserts that the fence does not comply with the size and type restrictions set by the HOA. This has resulted in the HOA fining the family $100 a day for the past two months. Additionally, they filed a lien against their home and even threatened a HOA foreclosure of their house.