"In this world nothing can be said to be certain, except death and taxes." https://t.co/N6NY0CLvY9 via @BrainyQuote— Mike Foxworth (@ALTALOMAN) April 27, 2017
Nobody buys a home, much less buys into a homeowner's association, with the expectation that the home will one day be destroyed by a natural or man-made disaster. But that reality is real world to thousands in the Smoky Mountain resort of Gatlinburg, Tennessee. ▶SEE STORY. Perhaps this story is real for you or may become so one day.
What the Gatlinburg story explains well is that homeowners in HOAs may only escape the obligation to pay HOA obligations when they sell the property and transfer title to someone else.