If a judgment is entered against you, the plaintiff generally has a right to post-judgment discovery (incl. depositions) to try to find accounts and assets. The penalty for not responding is contempt and possible jail if it goes that far (rare, but it happens).
Mr. Riddle is correct. You may wish to have an attorney review the Consent Judgment. If the consent judgment provides for payment over time, then the HOA would not be entitled to conduct discovery in aid of its judgment until you defaulted.
The answer given is for informational purposes only and does not constitute legal advice. Dwight Bowen is a bankruptcy and consumer attorney and may be contacted at (404) 880-3310.