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FORECLOSURE as a last resort

Nobody wants to foreclose on a home – not a mortgage banker and certainly not a community association.  Countless Americans lose their homes when lending institutions are unable to collect mortgage payments.  In a perfect world, no one would ever face foreclosure – for any reason.

That’s why foreclosure should always be used as a last resort, applied only when the association has exhausted all other collection options, and only when a homeowner refuses to remedy a significant debt to the association.

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