M.S.
I am a licensed Realtor in Forney and I am familiar with Falcon's Lair. I have an HOA in the neighborhood I live in. We are one of the only HOA communities that don't have all the extras like swimming pools. HOA's are good for making residents keep their properties looking nice to help keep up the property values in the community. They manage landscaping in the common areas of the community. They do social events that are great for neighbors to get an opportunity to meet each other, garage sales, etc. If you do not keep yours dues up, yes they will put a lien on your home which means if you try to sell your home that lien has to be paid before it can close. Yes, they can foreclose on your home for non payment of dues. Late fees and attorney handling fees may be added to for non payment as well until the dues are paid up to current. The best way to avoid all this is to be financially prepared and have a plan in place. I recommend the Dave Ramsey approach to financial management. Go to www.daveramsey.com.