Learn more about our management packages today —
Call toll free (888) 565-1226

Tag Archives: paid

Is foreclosure best option to get debt paid?

by: Mike Hunter

mike_hunterCharlotte attorney Michael Hunter specializes in community and condominium association law for the firm of Horack Talley.

Q. It seems in today’s economy that a lot of HOA foreclosures don’t result in a collection of the debt owed to the HOA. The owner either abandons the property, or the HOA lien is extinguished by the foreclosure of a superior deed of trust to a mortgage lender. It seems the HOAs rack up a lot of fees to foreclose against homeowners that are going to walk away from the debt one way or the other. Is there a better option?

Read more