Archive for category: Helpful Resources

What The Beatles Should Know About St. George Short Sales

Well, what the Beatles should know about St. George short sales depends on which Beatles we’re talking about. Paul and Ringo are still alive, but they are rarely, if ever, seen in the Saint George, Utah area. And if Paul and Ringo should know about a St. George short sale, they’re either looking for a bargain or they simply love the beauty and climate of Washington County for the next of their many houses.

Whether those Beatles are interested in the real estate of Southern Utah is for me to know and for you to find out. (You wouldn’t want me to fall out of their graces for revealing secrets, would you?) Perhaps there are other Beatles who may wish to buy a house in St. George. Beatle-loving entomologists, who changed their name to Beatle or folks born with the surname Beatle are options to pursue a St. George short sale; and while ESPN broadcaster, Michelle Beadles, may love St. George, her name is spelled with a D.

Regardless of which Beatles or blokes are considering a St. George short sale, they should know the following six things.

When the owner of a property owes more than it’s worth, he or she may be in the less-than-ideal financial position to sell the property as a short sale. This means that he must get the lender’s permission to sell the house or land for less than what is owed. If the seller convinces the lender that he is in financial hardship and can’t continue to make the mortgage payments, the lender will often agree to a sale of the property for less than the balance of the mortgage. This is preferable to default and foreclosure for the lender, because, for example, $200,000 is better toward a debt of $235,000 than nothing, and foreclosures cost the lenders much more.

Selling your house as a short sale is softer on your credit score than a foreclosure is. You can sell the house, get some emotional relief, and move on to preparing to buy another home, with little hit on the Fico. Keep in mind that the longer the lender takes to approve the short sale and the offer from a buyer, the more months you’ll be late on your mortgage payments, which do affect the FICO score.

The seller doesn’t have to pay sales commission to the real estate agents; the lender pays them.

Because the lender has to approve both the seller’s application for a St. George short sale and also the offers by potential buyers, the sale can take months, usually about 120 days.

The number of prospective buyers of short sales is smaller than for typical real estate because of the waiting time. Some buyers simply don’t have months to wait in purchasing a house, so you have less competition when making offers on St. George short sales.

When making an offer on a short sale, be aware that because of the likely financial duress of the seller, he may not have been able to maintain the property very well, so it will likely need repairs and fix-ups.

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What The Beatles Should Know About St. George Short Sales

Article By: Clear Content Marketing

What is Title Insurance, Why is it Necessary, and Who Needs it?

 

Many people view title insurance as just an indeterminate charge that shows up in the paperwork associated with loan closing. It often doesn’t receive a closer look by clients. At some point during the closing process, the lender will likely tell the client that title insurance in St George is required, the client will agree, and that will be it. It’s important to understand, however, that title insurance is extremely important. Here, we’ll give a brief explanation of what title insurance in St George is, how it works, and how much it costs.

What is Title Insurance?

Title insurance is protection against potential financial losses that have to do with property ownership. With it, the insured is protected against all sorts of possible scenarios. There are two different policies that come into play when discussing title insurance in St George: a lender’s policy and an owner’s policy. Both require a one-time-only payment; no monthly payments. If the title company finds that the property the client is purchasing has a clear title, meaning there are no title defects or legal claims against it (such as past due taxes, liens from past lenders, or levies from creditors, for example), many wonder why title insurance in St George would be necessary.

Why is it Necessary?

It is necessary because future incidents could very well occur that would make title insurance in St George invaluable, even many years later. Examples include but are not limited to an unknown pending lawsuit (or legal judgement), a previously unknown heir, title researcher oversight, or an ownership history mistake. Some type of fraudulent title issue is also not outside the realm of possibility. If one of these scenarios shows itself at any time in the duration of your ownership, title insurance in St George will provide assistance with associated legal costs and much more. Lenders have an obvious interest in their clients maintaining title insurance in St George since the lenders are “on the hook”, so to speak, for the value of the home, particularly in the mortgage’s first few years.

Who Needs it?

Every transaction that involves a mortgage requires both a lender’s and owner’s policy. The buyer generally pays for the lender’s policy and the seller pays for the owner’s policy. In the case of a cash transaction, only an owner’s policy is required which is generally paid for by the seller because there is no lender involved. There simply is no way to know what could happen at any point in the future in regards to the title of a property you purchase. You will definitely sleep better at night knowing that if something did happen, your equity and your down payment would not be at risk due to title insurance in St George.

The Cost of Title Insurance

In some cases, you can negotiate with the seller and have them pay for both policies. However, if payment responsibility falls on your shoulders, it is more than likely that it won’t cost much. Depending on what state you live in, the cost of these policies can vary. The average cost for title insurance is between $1,000-$4,000. It is also important to note that many states regulate these costs, meaning there wouldn’t be a better deal to be had at a different title company.

Conclusion

Call Eagle Gate Title or visit our website for answers to any further questions that you may have about title insurance in St George. We promise to be honest, friendly, and forthcoming in all of our communication with both potential and current clients. We have seen title insurance save the day for so many people and always want our clients to understand the benefits of having it.



  

What is Title Insurance, Why is it Necessary, and Who Needs it?

Title Insurance in St George

Article by Clear Content Marketing 

How to Search Property Records & Why It’s Important

Exploring St George property records often becomes a necessary exercise when you’re in the market for a new property as well as in other scenarios that call for it. Public records can provide a lot of information on the history and status of any property of interest. So what exactly will St George property records reveal when a search is conducted? A lot. These searches can reveal things such as:

-How long they have been the owner

-Improvements that have been made over the years (with our without a permit)

-Foreclosure status

-Whether or not bankruptcy has ever been filed by the seller

-Any current or past litigation that has taken place or is pending

-Mortgage history

-Tax history

-Roof type, number of rooms, square footage, and other specs

-Value estimates

You can see how important it would be to know all of these things about a property you were interested in. There are countless examples of property record searches being invaluable when preparing for a real estate transaction. So how does one go about searching St George property records?

No matter the city that you live in, there will be a place where anyone can go and search for property information, typically in a place like the county department, city hall, county recorders office, public library, or county courthouse. The people employed there should be informed and prepared to assist in a search.

However, many aspects of searching St George property records can now be done online. Today, many counties have digitized these records making it easier than ever to find the information you’re looking for. For example, perhaps you’ve found the name of the owner of a property but not their address. To locate the person, reports can be ordered online (for a fee) that will help you find them. You can search property tax records online and get information such as the owner’s name, tax ID number, and how much tax they owe.

Another way to get St George property records is by contacting a local title company like Eagle Gate Title. We can produce property profiles for you that often include copies of mortgages and deeds. Title companies can also help you find out if an owner has any liens or judgements filed against them.

Real estate agents can sometimes provide assistance in obtaining St George property records as they typically subscribe to services that allow them access to exclusive property information.

There are more ways to obtain St George property records than what is described here, but the main message we want to get across is how important it is to have a title search done and to make sure that you’ve acquired all pertinent information about a property of interest before going forward with a purchase.


How to Search Property Records & Why It’s Important

St. George Property Records

Article By: Clear Content Marketing

 

What Are Items That Show Up On A Title?

What Are Items That Show Up On A Title?

 

There are many documents that a buyer will be shown during the closing process, all designed to disclose important information about the property. Of all these documents, the title is certainly one of the most significant. This essential report details many different things including anything recorded against the home (like easements, encroachments, or liens), as well vesting and ownership. The preliminary title report will also disclose the results of the county records search that the St George UT title company will have performed to validate the issuance of title insurance. It will also list as exceptions any liens that are held against the property, if applicable. There are three items on a preliminary title report that typically merit the closest review, however. Those are the legal description, taxes, and mortgage liens.

The Legal Description

The property’s location and boundaries are provided here in precise and descriptive detail by the St George UT title company, particularly in relation to intersections and streets nearby (advertising or marketing distributed by real estate agents don’t typically include this information). The legal description will also include other details on the property’s interests such as storage or parking that conveys within the property or easements (exclusive or nonexclusive). Here is an example: “Beginning at a point on the Easterly line of Gardenia Street, distant thereon 300 feet Northerly from the Northerly line of Crescent Road; running thence Northerly along the Easterly line of Dickson Boulevard 30 feet; thence at a right angle Easterly 200 feet,” etc.

Taxes

The primary lien on a title report will always be property taxes. This is because if there are any unresolved property taxes associated with the property of interest, a new person cannot take ownership. A property cannot be transferred in this scenario. A debt holder cannot get paid until a settlement on the taxes is completed.

Mortgage Liens

In most cases, if you look right underneath property taxes on the preliminary title report provided by your St George UT title company you’ll see mortgage liens listed, and they’ll be listed in descending order (1st, 2nd…) beginning with the largest. These liens have to be paid in the order they appear on the preliminary title report upon closing. You’ve probably heard of a short sale. This is where it gets its name. The lender (or lenders) agrees to receive less than the amount owed (shorted) as the sale itself will not produce enough money take care of all the lien holders and property taxes in full.

Here are some other things that could appear on a title report from your St George UT title company:

Easements

An easement is “a right to cross or otherwise use someone else’s land for a specified purpose”. If another person has an easement on the property of interest, the title report will show it. Unless both parties come to an agreement to remove the easement, it will stay on the report. If needed, a review of the original easement agreement can be performed by the St George UT title company.

CC&RS

This stands for covenants, conditions, and restrictions which can be recorded against the property in some cases. Buyers are required to follow all rules set forth by a CC&R. These are almost always applicable if the St George title company is dealing with any type of developed subdivision.

Planning Requirements, Historic Oversights, & Restrictions

Perhaps the property is in a historical district and, as a result, is subject to additional and perhaps out-of-the-ordinary restrictions and rules such as requiring the new owner to changes the house’s facade, for example. The St George UT title company will inform the buyer if this applies in the title report.



  

What Are Items That Show Up On A Title?

St George UT Title Company

Article by Clear Content Marketing 

7 Important Things to Know About Property Titles

Property titles are essential to any real estate transaction for a number of reasons. Here are 7 things about St George property titles that you should know.

Ownership is Proven Through Titles

St George property titles act as records of ownership. Informal contracts or deeds that haven’t been filed won’t be recognized without a title.

Titles Must be Kept Secure and Safe

Those who own property should not be careless with their title documents. Yes, you can get another copy of your title by paying a fee to the county clerk’s office. But St George property titles should be cared for and protected the same way you would your social security card. Keep them in place where they are safeguarded but where they can be easily accessed.

Every Owner Should Have a Copy

Each person listed on the title as having ownership in the property should have their own valid and legal copy of the title. A Xeroxed copy is not valid. All copies of St George property titles distributed amongst owners should be actual copies, whether the situation involves tenancy in common, community property, trust-based ownership, or company-based ownership.

Others May Conduct Title Searches on Property You Own

There are many reasons why a person would conduct a search on St George property titles, including and potentially even yours. Visit this link for detailed information on title searches.

Title Insurance is Necessary For All Property Owners

Lender’s insurance and owner’s insurance are both mandatory. It is recommended in almost every circumstance that both types be purchased by new property owners. Title insurance is invaluable in a wide variety of potential situations. Visit this link for further information on title insurance for St George property titles.

Property Title Governance Varies

In many countries other than the U.S. (such as Australia), they use a system of title governance called a Torrens title system that bestows indisputable and absolute ownership of the property to those listed on the property title. In America though, each state handles their own property and estate governance as they see fit. Most states determine property ownership and rights by using title governance based on common law, though there are some states that incorporate elements of the Torrens title system.

Additional Thoughts

In order to gather facts about St George property titles, recorded covenants, and land ownership, you can visit the local courthouse in person, utilize an internet database, contact a real estate agent, or contact an attorney. Using some or all of these avenues should get you the information you’re looking for. St George property titles are incredibly important in any real estate transaction. Find out as much as you can about a property’s title before purchasing. Failure to take proper diligence toward the title can result in a very risky real estate transaction.

Conclusion

As always, for further information about property titles, contact Eagle Gate Title.

7 Important Things To Know About About Property Titles

St. George Title Insurance

Article By: Clear Content Marketing

 

What Is The Closing Process?

Once you’ve chosen a home, negotiated a deal, and obtained a mortgage, the final step is to close on the home (sometimes referred to as settlement or escrow). Essentially, the St George closing process involves a meeting attended by a member of each participating party for the purpose of finalizing the transaction. Here’s how it will typically go:

Preparation

By the time you’re ready to begin the St George closing process, you will have received a document called the closing disclosure form (at least three days prior to your closing date). Review the closing disclosure thoroughly, as it spells out in detail the term and interest rate of your loan, your mortgage payments, any other fees associated with the closing process referred to simply as closing costs (if you’re selling your property or buying using cash, you will receive an ALTA settlement statement for review). In the St George closing process, you can expect closing costs to be somewhere between 2%-7% of the home’s price. If you have questions or spot discrepancies, be sure to communicate them to your lender in addition to comparing the information in the ALTA to the estimate your lender originally gave you. Also, be sure to complete a final walkthrough of the home the day before closing to make sure that the home’s previous occupants have vacated as well as reverifying that the condition of the home is as contractually agreed upon. Any issues that may have arisen as a result of the previously completed inspection should have been completed by this point. There is nothing wrong with delaying the closing date if necessary. All matters should be resolved before going forward with the St George closing process.

Bringing Necessary Items

There are certain documents that must be present at the closing. You will need to bring a photo ID and your title company will have all your closing documents prepared for you. Note: for those who have just recently been married, your name as shown on your new mortgage and title must be the same as the ID that you bring to the St George closing process. You’ll also need to be prepared to wire transfer your down payment. Also, bring your personal checkbook because smaller fees can sometimes be taken care of at that time with a personal check.

Expectations

When it’s time to hold the meeting, the title company will have already performed a title search wherein they examine public property records for any potential liens or other issues associated with the property. Such issues are rare, but they do crop up every so often. So who exactly will be present at the meeting that finalizes the St George closing process? You can expect most of the following people to be in attendance: a bank representative, a title company representative, the buyer’s real estate agent, and the buyer. The seller’s real estate agent and the seller will have had a similar but separate meeting. Because so many people are involved in the St George closing process, it’s better to just plan on someone being late or forgetting an important document or spelling a name wrong. A wise practice is to not schedule anything within a few hours after the meeting is scheduled to over, just in case. And remember that at this meeting you will be signing your name a lot.

After the St George closing process is complete, the buyer is officially and legally a homeowner! You’ll walk out of there holding a big stack of paperwork and new keys. Exciting!


What Is The Closing Process?

St George Closing Process

Article by Clear Content Marketing

6 Home Buying Tips For The Current Market

Have realistic expectations about finding hidden gems

In most areas, all of the properties that are currently for sale have been canvased and crawled before you found out about them, particularly in the rising St George home market. Make sure that your expectations are realistic. If you keep looking and looking for that one amazing bargain while overlooking ideal options in the process, chances are you will find yourself exhausted, discouraged, and frustrated. Focusing on hidden gems is usually a time waster.

Be The First to Make an Offer

The St George home market is booming and you want to do your best to always be ready to pounce with an offer on a new listing that you find appealing. Affordable houses are often hard to come by because they get taken so quickly. If you want to get a head of the competition and give yourself an advantage, visit property listing sites online and sign up for alerts. You customize your own criteria so you’ll know the moment and ideal home becomes available. Another thing you can do is get yourself a realtor who is proactive, knows the St George home market, and will help you make first offers. Try and find one who is part of a good firm because they often get preferential treatment from fellow realtors who also work in similar renown firms.

Don’t Count Out Multi-Family Homes

There is a very good reason why exploring multi-family homes is a really good option, even if it’s not what you were originally looking for, particularly for first-time home owners. When you own a multi- family home, it is often as affordable as renting. Purchasing a home with multiple units allows you to live in one and rent out the others, driving down your personal mortgage cost as you’ll have money being provided by tenants.

Pay Attention During The Off-Peak Seasons

Buyer’s markets begin to emerge during the winter months as the market slows down. This means that, generally, sellers in the St George home market tend to be more open to negotiation during this time. Being active as a buyer during off-peak seasons also helps you to bypass the hectic spring St George home market which is usually accompanied by stress as well as aggressive bidding wars.

Look Off The Beaten Path

Be sure to consider homes for sale in nearby cities and not only major metropolitan areas. Searching in non-brand name towns (as they are sometimes called) almost always have lower housing costs. This is due to the fact that these areas have a much lower public profile and don’t get as much real estate attention as the bigger areas in the St George home market. If you’re looking for a the best deal you can find, you’re more likely to find it in these areas.

Being Aggressive is a Must

Being aggressive means that you are alert at all times, that your dedication to finding the right property for you in the St George home market is resulting in first offers. Setting up alerts and notifications as mentioned above is part of being aggressive, as is talking with people often, discovering and digging for information. Ask everyone you know if they are aware of properties for sale. Facebook and other social media sites have real estate-related groups you can join. Do everything you can and don’t give up. Even if you feel like you don’t have a large enough income to become a homeowner, it can still happen with proper patience and time. Check your credit and get pre-approved for a loan and start searching.

And, as usual, contact a representative from Eagle Gate Title for answers to questions about the St George home market and we’ll help you in any way that we can.

6 Home Buying Tips For The Current Market

St. George Home Market

Article By: Clear Content Marketing

 

An Explanation of Earnest Money

The process of buying a home in the St. George area has many elements to consider and an earnest money deposit is an important one.

What Is Earnest Money?

Earnest money is a deposit that a potential St. George buyer presents to a seller as an expression of commitment to the purchase of a property. An earnest money deposit also goes toward the buyer’s eventual down payment. This is a critical aspect of the Southern Utah home buying process because without it, people could make many offers on many homes simultaneously which would effectively take each property off the market until the time when the buyer makes a choice on one of them. There are very few scenarios in the St. George, UT area where a seller will accept an offer of any kind without a deposit. When a seller finally accepts the buyer’s offer (made in conjunction with an earnest money deposit), that deposit money immediately goes toward the down payment and closing costs.

How Much Should An Earnest Money Deposit Be?

That depends. There a handful of factors that will determine the appropriate amount such as particular requirements from the seller, the St George real estate market, and state limitations/policies. In most cases, one to two percent of the home’s purchase price is used as an earnest money deposit. As previously mentioned, the real estate market in the area where the home resides can have an impact on earnest money, potentially swinging the deposit amount up or down. For example, you may only have to give one percent (or even less) in areas where buyers are scarce. And of course the opposite is true in high-demand areas. Additionally, it goes without saying that a buyer who presents a larger earnest money deposit typically has a greater chance of winning the bid. Bigger deposits often result in sellers lowering the purchase price of the home, as well.

Know that when buyers present large deposits on a Southern Utah home they truly want, a verification process initiated by the bank will likely take place to make sure that the source of the funds is legitimate, particularly if the funds have been in the buyers possession for less than 60 days.

At What Point Does The Earnest Money Need To Be Paid And Who Manages It?

Typically, in St. George, the earnest money deposit is received by the title company and held in escrow once an offer has been accepted and the purchase agreement has been signed (real estate agents may also hold it at their brokerage). It will be held there until the concluding stages of the sale at which point they will be discharged from escrow and become part of the down payment. Depending on the state, management of the deposit may be handled by the real estate broker. Do not give the deposit directly to the seller, ever. In a situation where something goes wrong, that money could potentially be difficult or impossible to get back from them. It’s always a good idea for the buyer to perform their own verification process by checking the credentials of the St. George broker or firm who is set to manage the earnest money deposit.

Conclusion

For further information about earnest money deposits as well as answers to any other questions you have, please do not hesitate to give us a call. We would be honored to help you in any way that we can, whether it be about this particular topic or any other relating to the purchase of your future home. Eagle Gate Title is Southern Utah’s most trusted title company.


An Explanation of Earnest Money

Earnest Money

Article by Clear Content Marketing

10 Best Kept Secrets for Buying a Home – Part 1

Every St George home buyer needs to remember these 10 things before purchasing a house.

Don’t Move Your Money

There’s no need to take risks as a St George home buyer with your credit profile by prematurely moving your money around and making an enormous purchase. In order to get you the best loan they can, lenders want to see a thorough paper trail that shows you’re reliable. You’ll make it difficult to get a loan if you make a lot of giant purchases, accumulate loads of debt, and open new credit cards.

Home Loan Pre-Approval is Important

A St George home buyer would be smart to remember that a pre-approved mortgage is not the same thing as being pre-qualified. Pre-qualified loans are not exclusive and are available to virtually anyone. Being pre-approved, however, is much more substantial because it means that your financial information has been examined and assessed and that you know exactly how much they’re willing to lend you. The last thing you want is to waste time viewing homes you can’t afford. A St George home buyer who is pre-approved will avoid that in addition to having assistance in getting the best possible interest rate and overall deal. Be sure to learn about points, processing and junk fees, and any potential hidden costs associated with the loan.

Border Disputes Are No Fun

You must have a survey completed on the property you’re considering so that you are fully aware of property lines. A neighborly dispute over property lines is not a situation a St George home buyer ever wants to ever be in. Another reason why having a survey done is important is because the amount you will eventually pay on property tax once you’re the owner will depend the exact amount of property you have.

You Can’t Time The Market

Friends and family may instruct you on when they think you should buy according to their knowledge of the market. The sooner you accept the fact that you cannot anticipate the housing market, the better. All a St George home buyer needs to know is that if you find a home you can afford and you absolutely love it, than it’s time to buy. The real estate market is too unpredictable to be spending precious time trying to outsmart it. Just look for the home you truly want and when you find it (and it’s within your budget), don’t let what others are saying about the market prevent you from purchasing it.

Bigger Doesn’t Always Mean Better

You may covet the nicest, biggest home on the street. But that doesn’t necessarily mean that it is “better” than the other homes. One fact to remember is that those who own the nicest, biggest home on the street have a very small demographic to sell to when it comes time. Remember that the value of your house goes up only in accordance with the surrounding houses. For example, if your neighbors are paying $300,000 to $350,000 for their homes but you pay over $500,000, the potential for appreciation is extremely limited. If a St George home buyer purchases the worst home on the street, they will likely be able to trade their home for a higher amount per square foot than the big, nice one.

Stay Away From Sleeper Costs

One of the big differences between owning a home and renting one involves sleeper costs. You will be a wise St George home buyer if you remember the reality of additional home owning expenses such as HOA dues, utilities, and property taxes. Many people only think about the mortgage payment when buying a home but fail to consider the likelihood of property tax increases, maintenance, repairs, and the other expenses the come with being a St George home buyer.

This article will continue with the St George home buyer article 10 Best Kept Secrets for Buying a Home – Part 2.

10 Best Kept Secrets for Buying a Home – Part 1

St. George Home Buyer

Article By: Clear Content Marketing

 

What Are CC&Rs?

CC&R stands for Declaration of Covenants, Conditions, and Restrictions. It is a list of mandatory requirements that apply to all who live inside the boundaries of a particular homeowner’s association (HOA). HOAs typically exist in covenanted and planned communities. Essentially, St George CC&Rs are lists of neighborhood rules. If you buy a home in a community like this, it is more than likely that CC&Rs will apply. Some of you may already live in such a community and are familiar with the types of statutes that St George CC&Rs tend to contain. Not only do they lay out general neighborhood rules, but they also describe the limitations of property ownership such as what you can and cannot do with your home and property.

The idea behind a CC&R is the prioritization of community property values. They act as a special effort to preserve and protect these values by creating a level of uniformity among homeowners. For the most part, requirements found in St George CC&Rs are sensible and logical and require very little effort to conform. Things that most homeowners do regularly anyway, such as weekly lawn-mowing and weed-pulling, are common examples. Some St George CC&Rs, on the other hand, contain rules that seem completely unreasonable and unnecessary. Examples can include being required to park your car in the garage even though you have a perfectly acceptable and functioning driveway, or being not being allowed to construct a fence around your property, or being limited to only certain sizes and/or breeds of dogs. Many St George CC&Rs even have restrictions on certain paint colors when it comes to painting your own home and other similar constraints. Basically, homeowners who live in communities with active CC&Rs need to always be in the habit of checking them to assure compliance even in the most seemingly ordinary activities such as gardening and remodeling.

Penalties for Non-Compliance

When you close on your home, you will sign a lot of paperwork. One of the documents that will require your signature is one stating that you agree to comply with the CC&Rs that your HOA has set forth (if applicable). Violating the covenants, conditions, and restrictions of your HOA will most certainly result in one of many potential consequences which can include a lawsuit against you, forced compliance, privilege suspension (pool, gym, etc), fines, and any other possible repercussion that your HOA has specified. To give an example, we’ve found that common CC&Rs that defiant homeowners often try to skirt are the ones relating to pets. If your HOA restricts pets to 30 pounds or less and you attempt to hide your Great Dane (somehow) and are subsequently found out, it is likely that the HOA will fine you and/or require you to get rid of Duke, or otherwise move out of the community.

Just make sure that before buying a home in a community with an HOA and St George CC&Rs that you’ve read them all. There very well could be something on that list that prevents you from moving in. Contrarily, there might be a CC&R that is so personally attractive that it persuades you to move there.

Assessments and Dues

St George CC&Rs are almost always associated with monthly or annual dues. Covenanted communities require all residing homeowners to pay these fees on a regular basis. The dollar amount varies between communities, as do non-payment penalties and other assessments that the HOA deems applicable. In situations of non-payment, homeowner’s associations can legally get a lien on your home and threaten foreclosure if the St George CC&Rs articulate such an outcome. Anyone who finds themselves in such a situation has the option to contact a lawyer if they feel HOAs are being unreasonable, hypocritical, or unnecessarily harsh.


What Are CC&Rs?

St George CC&Rs

Article by Clear Content Marketing

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