Timeline for What happens to prepaid HOA fees when HOA goes under?
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
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| Jun 22, 2023 at 1:03 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| May 23, 2023 at 0:16 | answer | added | mhoran_psprep | timeline score: 1 | |
| Jan 4, 2023 at 21:36 | comment | added | heretoinfinity | I have seen prepaying as high as 5 months in advance | |
| Jan 3, 2023 at 6:32 | comment | added | littleadv | Many banks would not allow prepaying the mortgage for more than a couple of months. | |
| Jan 2, 2023 at 22:06 | comment | added | heretoinfinity | What about the mortgage payment itself? I assume that it is better to pay this one in advance if the mortgage rate is higher than the savings rate? | |
| Jan 2, 2023 at 20:57 | comment | added | Bob Baerker | AFAIK, insurance companies don't rebuild. They pay the claim and the owner decides whether to rebuild or not. I think that you'd lose some of your prepaid HOA fees because settlements don't occur overnight. For convenience, I used to pay my HOA fees three months in advance because interest rates were near zero. With rates higher now, it makes sense to pay monthly. | |
| Jan 2, 2023 at 18:07 | history | edited | Chris W. Rea |
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| Jan 2, 2023 at 17:33 | comment | added | heretoinfinity | Are you referring to both the HOA and the mortgage? | |
| Jan 2, 2023 at 16:49 | comment | added | Craig W | Why would you want to do this? If you keep your emergency fund in a high-yield savings account or money market fund you could be earning close to 4% at the moment. | |
| Jan 2, 2023 at 16:03 | history | asked | heretoinfinity | CC BY-SA 4.0 |