Escrow & Title
In South Dakota, a property owner who fails to pay their HOA assessments may face:
ANo consequences since HOA dues are voluntary
BA lien on the property for unpaid assessments, potentially leading to foreclosure✓ Correct
COnly late fee charges — HOAs cannot place liens on property
DSDREC investigation of the HOA
Explanation
HOAs can place assessment liens on properties for unpaid dues and fees, and under many HOA governing documents and state law, these liens can be foreclosed to collect unpaid amounts.
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