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Homeowners Association Or HOA

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Fre Says...

A homeowners association or HOA is an organization created by a real estate developer for the purpose of developing, managing and selling a development of homes

A homeowners association allows the developer to exit financial and legal responsibility of the community, typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots

http://en.wikipedia.org/wiki/Homeowner_associ... More on Wikipedia]]

Posted 3/8/10 5:15 AM

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