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January 26, 2013

Comments

The HOA should have foreclosed on the property and as a super priority state would have been paid before Wells Fargo.

you hoas are greedy bastards that should be locked up for extortion. you want to reap the benefits of interest fees and late charges. not to mention extortionate attorneys fees, You are all like vultures.....................trying to devour your prey

We had an owner who did not pay the monthly dues. We had a judgement against the homeowner.
Then bank account was close so we recorded the lien. We waited two (2) years till the Bank started foreclosing, in this time the owner did not respond to our pleas, did not open the door, did not accept certified mail. This owner has borrowed money almost double as the house it worth. The foreclosure happened over a year ago and now the bank wants us that we sign off so they can sell the property without paying the delinquent amount owed before the foreclosure.

Absolutely correct. HOA are for profit. Furthermore, there are law offices that cheat,lie, deceive homeowners. These law offices thrive on deception. Their lively hood is based on homeowners that have financial difficulties. They have well paid lobbyist that mold the laws to suit them the best. Its about money, easy targets. If you fight their distortion then you have to pay even more. Time, for a change.

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