Disabled combat veteran, family forced from home (FL)

Court documents show the original homeowner stopped paying her mortgage and her HOA dues back in 2012. In Florida, an HOA can legally foreclose on your home in the hopes of getting its money before the bank forecloses on the house.  HOA foreclosures move faster than bank foreclosures. At auction, an investor pays off that small HOA lien, often just a few thousand dollars. In this case, the HOA lien was around $9,000.   The HOA lien is paid off and HOA Problem Solutions collects the rent money for months or years, while never paying the original mortgage. The profits continue until the bank moves forward with its foreclosure.     Read the article………….


Related Articles

How do proxies work with condo association votes?

Q: Our condominium association is trying to amend some of the use restrictions in the declaration of condominium. A disruptive

Crime concerns at Duck Creek Village (NV)

An east side community has accused squatters of causing major problems like setting fires and even violent crime. It’s another

Mayoral brawl over tax break for Soundview condo owners (NY)

Bronx condo owners to Mayor de Blasio: get over it. That’s the message after the mayor called a recent specific