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Title: holy crap, better pay your h.o.a. dues. (complete with tragically funny photo) Post by: Aske on June 02, 2008, 10:37:59 AM http://www2.tbo.com/content/2008/jun/02/neighbors-kick-family-out-of-home/?news-metro
Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny photo) Post by: Spanky on June 02, 2008, 10:45:08 AM We could never live in a HOA community. We would always get complaints. Like I said before, I can't even grow grass.
Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: birdymaker on June 02, 2008, 10:51:05 AM talk about a rash of mysterious fires. [sm_devil]
Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: dystopia on June 02, 2008, 11:25:37 AM We could never live in a HOA community. We would always get complaints. Like I said before, I can't even grow grass. Same here. The presence of a HOA usually meant a potential house was taken off the list. (plus, around here, houses with HOAs are mainly in newer developments and have smaller yards) Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny photo) Post by: Clive on June 02, 2008, 12:55:38 PM The law should be amended to permit the HOA to file the property lien and to sue in small claims or state court (preferably the former). Get a judgment (just as they would if trying to foreclose), but garnish wages for the piddling amount v. foreclosing on the home. Foreclosure should only be permitted after the delinquent amount itself (exclusive of interest, attorney/collection fees, and add-on crap) exceeds some significant number.
I wondered what the overall economics were for the HOA. Loss of $582 v. the cost of all the wrangling that couldn't be folded into the judgment, property taxes while they held the property, upkeep (wouldn't want them to have to threaten to foreclose on themselves for an untidy yard!), loss taken on the sale in this real estate market ... Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Aske on June 02, 2008, 12:57:39 PM The law should be amended to permit the HOA to file the property lien and to sue in small claims or state court (preferably the former). Get a judgment (just as they would if trying to foreclose), but garnish wages for the piddling amount v. foreclosing on the home. Foreclosure should only be permitted after the delinquent amount itself (exclusive of interest, attorney/collection fees, and add-on crap) exceeds some significant number. I wondered what the overall economics were for the HOA. Loss of $582 v. the cost of all the wrangling that couldn't be folded into the judgment, property taxes while they held the property, upkeep (wouldn't want them to have to threaten to foreclose on themselves for an untidy yard!), loss taken on the sale in this real estate market ... surely they can sell the house for more than the $582+fees/taxes+ ... wait for it... $100 !!! they got to buy it for at auction. Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny photo) Post by: Clive on June 02, 2008, 01:19:33 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees".
"What if they held a foreclosure sale and nobody came?" Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: stroh on June 02, 2008, 01:33:22 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees". "What if they held a foreclosure sale and nobody came?" That was my thought. The bank didn't foreclose. Someone still owes the outstanding balance. Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Aske on June 02, 2008, 01:37:36 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees". "What if they held a foreclosure sale and nobody came?" That was my thought. The bank didn't foreclose. Someone still owes the outstanding balance. i was under the impression the HOA got the house for the $100, the family owed the bank the remaining balance. if i'm mistaken, my apologies :punchballs: :isaac: Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: stroh on June 02, 2008, 01:45:28 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees". "What if they held a foreclosure sale and nobody came?" That was my thought. The bank didn't foreclose. Someone still owes the outstanding balance. i was under the impression the HOA got the house for the $100, the family owed the bank the remaining balance. if i'm mistaken, my apologies :punchballs: :isaac: I guess I'm not sure how it works. :-\ Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: spacey on June 02, 2008, 01:51:17 PM I guess I'm not sure how it works. :-\ And the winner of the "Name Stroh's Autobiography" contest is... Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: stroh on June 02, 2008, 02:09:54 PM I guess I'm not sure how it works. :-\ And the winner of the "Name Stroh's Autobiography" contest is... [sm_thankyou] I knew it would come eventually. American Idiot was already taken and Mein Kamph Past the Third Grade just doesn't flow. Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Clive on June 02, 2008, 03:15:40 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees". That was my thought. The bank didn't foreclose. Someone still owes the outstanding balance.if i'm mistaken, my apologies :punchballs: :isaac: Quote Eventually, the homeowners association tried to sell the property but was unable to. The association board decided against making the mortgage payments and the lender took back the home. Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Aske on June 02, 2008, 03:24:21 PM "Bought the house for $100" is shorthand for "$100 plus the outstanding balance on the mortgage, and including purchase fees". That was my thought. The bank didn't foreclose. Someone still owes the outstanding balance.if i'm mistaken, my apologies :punchballs: :isaac: Quote Eventually, the homeowners association tried to sell the property but was unable to. The association board decided against making the mortgage payments and the lender took back the home. my bad, thanks :sad3: Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Blader on June 02, 2008, 05:05:55 PM Clearly, the lesson here is that if you are red headed and obese, don't dare risk falling behind in your hoa fees.
Title: Re: holy crap, better pay your h.o.a. dues. (complete with tragically funny phot Post by: Aske on June 02, 2008, 05:08:40 PM porkchop take note
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