Every time Contact 13 inducts a new member into the HOA Hall of Shame, the same questions comes up. Where is the voice of reason?
Authors: Community Associations Network National
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Every time Contact 13 inducts a new member into the HOA Hall of Shame, the same questions comes up. Where is the voice of reason?
Authors: Community Associations Network National
…
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
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.