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Viewing 15 posts - 31 through 45 (of 51 total)
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  • May 15, 2008 at 3:30 PM #205184
    cv2
    Participant

    The strategy we used is to use our junior lien to force the foreclosure as soon as possible. As many of you have said, nowadays it is not good to be a junior. By forcing the foreclosure you are speeding up the process tremendously because banks are swamped with NOD and are not proceeding to foreclosure. This is also a trick on the bank because that’s unrealized loss (or maybe uncollected interest) vs real loss on the book. Once it is foreclosed, you can start collecting HOA dues on the new owner. Banks can’t sell it until the HOA dues are current.

    Granted lawyers are expensive but in the long run it will save HOA money. Also as a matter of principle, if you live here, you have to be responsible and do not expect others to take your burdens.

    May 15, 2008 at 4:50 PM #205174
    jpinpb
    Participant

    Good for you cv2. That’s excellent and a smart move.

    May 15, 2008 at 4:50 PM #205223
    jpinpb
    Participant

    Good for you cv2. That’s excellent and a smart move.

    May 15, 2008 at 4:50 PM #205256
    jpinpb
    Participant

    Good for you cv2. That’s excellent and a smart move.

    May 15, 2008 at 4:50 PM #205277
    jpinpb
    Participant

    Good for you cv2. That’s excellent and a smart move.

    May 15, 2008 at 4:50 PM #205311
    jpinpb
    Participant

    Good for you cv2. That’s excellent and a smart move.

    May 15, 2008 at 5:34 PM #205225
    masayako
    Participant

    HOA is the stupidest idea ever.

    May 15, 2008 at 5:34 PM #205273
    masayako
    Participant

    HOA is the stupidest idea ever.

    May 15, 2008 at 5:34 PM #205303
    masayako
    Participant

    HOA is the stupidest idea ever.

    May 15, 2008 at 5:34 PM #205327
    masayako
    Participant

    HOA is the stupidest idea ever.

    May 15, 2008 at 5:34 PM #205361
    masayako
    Participant

    HOA is the stupidest idea ever.

    May 16, 2008 at 11:09 AM #205890
    SmellsFeeshy
    Participant

    “HOA is the stupidest idea ever.”

    Well for condos/townhomes its unfortunately a necessary evil.
    The problem with not having an HOA is that its pretty difficult to find a house in a decent neighborhood that doesn’t have one in SD.

    May 16, 2008 at 11:09 AM #205940
    SmellsFeeshy
    Participant

    “HOA is the stupidest idea ever.”

    Well for condos/townhomes its unfortunately a necessary evil.
    The problem with not having an HOA is that its pretty difficult to find a house in a decent neighborhood that doesn’t have one in SD.

    May 16, 2008 at 11:09 AM #205970
    SmellsFeeshy
    Participant

    “HOA is the stupidest idea ever.”

    Well for condos/townhomes its unfortunately a necessary evil.
    The problem with not having an HOA is that its pretty difficult to find a house in a decent neighborhood that doesn’t have one in SD.

    May 16, 2008 at 11:09 AM #205994
    SmellsFeeshy
    Participant

    “HOA is the stupidest idea ever.”

    Well for condos/townhomes its unfortunately a necessary evil.
    The problem with not having an HOA is that its pretty difficult to find a house in a decent neighborhood that doesn’t have one in SD.

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