We live in uncertain times. Personal financial situations can be fluid. Sometimes homeowners fail to or are simply unable to fulfill all of their related obligations. A homeowner member of a community association often defaults on their mortgage when they fail to repay the lender, which generally violates the terms of the mortgage. In the event of default, the lender may initiate foreclosure proceedings, intending to liquidate the real property subject to the mortgage.   Read the entire article……………………………….