In the USA, can you lose your home even after it is 100% paid off?

A Cool Dude@lemmy.ml to Asklemmy@lemmy.ml – 144 points –

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs

Yep. Something like 88% of new builds in the US are built from the start with HOAs.

Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid).

I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed)