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

Category Archives: Financial Controls

HOA Foreclosing to Rent Units?

The takeover of foreclosed units by condominium and homeowners associations to rent them out and recoup delinquent fees has been one of the fastest-growing solutions to the rise in foreclosures. But it’s not without cost. 

Here we explain what your HOA board needs to know about the risk when acquiring a unit for rental and the expense involved in foreclosing on a property to rent it out. 

The Pros and Cons of Foreclosing to Rent 

There’s no easy answer when it comes to deciding whether your HOA should foreclose on units with the intent to rent them out because lenders are slow-walking the foreclosure process. 

Read more
* These articles and related content on this website are provided without warranty of any kind and in no way consitute or provide legal advice. You are advised to contact an attorney specializing in Association Management for legal advice related to your specific issue and community. Some articles are provided by thrid parties and online services. Display of these articles does in no way endorse the products or services of Community Association Management by the author(s).