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………….