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..chuckle..
Pay up deadbeats!
http://articles.sun-sentinel.com/201...losure-filingsSouth Florida homeowner associations are foreclosing on some of the nation's largest banks, accusing the lenders of failing to pay thousands of dollars in maintenance fees on repossessed properties.
The foreclosure filings are a growing trend as associations become more aggressive in going after delinquent fees that have crippled HOA budgets during the housing bust.
Banks owe a portion of the past-due maintenance fees and the full amount from the date they take le to the property, attorneys said. If the lenders fall behind, they're subject to foreclosure just as an individual owner would be.
..chuckle..
Pay up deadbeats!
Hard to figure who the lesser of the two evils is here.
Slight edge to Hoas as the lesser, I guess.
Really?
Anyone owing a property covered under an HOA contract/agreement, etc. is bound by those rules.
I find this a great thing to do to teach these banks a lesson.
No doubt there is no excuse for a bank that has foreclosed to not pay hoa dues or to let a property go without maintenance
But an HOA being able to take control of the property and ultimately sell it because the owner failed to live up to the contract is pure evil, imo.
I agree it's a bad contract for someone to sign. The fix... is not to sign such a contract.
Impossible to avoid if you buy a home in any subdivision built in the late 90s or later.
Huh? Why?
Impossible?
I doubt that.
I am no fan of HOA's myself, but they do have theses provisions to keep everyone's house values from going down. If one home is allowed to rot, then what does it do to the neighboring values? The neighboring home values diminish, right?
Because, deed restrictions or not, the HOA shouldn't have the right to take over property in this manner.
Why?
Those are the terms the homeowner agreed to in the bylaws? Why shouldn't the HOA be able to enforce its contractual rights?
Are HOAs "taking over property" -- or just foreclosing on them (i.e., selling them off)?
Honestly, I can't speak for the rest of the US, but if you can find a newly built subdivision without a forced HOA membership built into the contact here in San Antonio, please let me know.
most cities have code compliance departments that handle dilapidated structures, so there is usually no need for an HOA rep to do anything there but play middle man........which they usually do any way (from personal experience).I am no fan of HOA's myself, but they do have theses provisions to keep everyone's house values from going down. If one home is allowed to rot, then what does it do to the neighboring values? The neighboring home values diminish, right?
This is just an example of what's currently wrong with HOAs:
http://www.wfaa.com/news/local/Frisc...-93829194.html
There are plenty more examples similar to that.
You didn't answer my questions. This article doesn't provide any answer either.
Should people get in the habit of picking and choosing which debts they should pay without fear of recompense?
lol some dumb doesn't pay HOA dues and people are shocked that the HOA does something about it."When Michael went to Iraq, I went into a very bad depression," she said.
The mail piled up unopened and Mrs. Clauer missed $800 in payments to her HOA. Then she missed the letters saying the association planned to foreclose.
"I ignored a lot of our bills," she said.
"I got depressed" isn't nor should it be a reason to escape your legal obligations.
I did answer your question.
You asked why I think it's evil. I told you because they shouldn't be able to take control/sell off a home in this manner.
Nobody is saying they shouldn't have to pay their debts.
In what manner? The only matter here is: people fail to pay --> HOAs foreclose. That's the manner. Are you suggesting HOAs are acting deceitfully or fraudulently or otherwise shady? That's certainly not suggested in the depressed wife article.
It's ok to admit that you think people shouldn't have to pay their HOA dues.
The point of that was that they were only $800 behind in HOA dues when the HOA took the house and sold it.
I think people should be allowed to purchase a home without being forced to join an HOA.It's ok to admit that you think people shouldn't have to pay their HOA dues.
It's ok for you to continue to believe it's not evil to kick a military family out of a home over $800. Agree to disagree.
Sounds like pure evil to me. Definitely not the result of some dumb depressed 's negligence.The mail piled up unopened and Mrs. Clauer missed $800 in payments to her HOA. Then she missed the letters saying the association planned to foreclose.
"I ignored a lot of our bills," she said.
Even after the HOA foreclosed and sold the home at auction, Mrs. Clauer didn't open the letters that said she had six months to get the home back, and that time lapsed, too.
Interesting but irrelevant.
And of all the people on this board, I figured you would be the one who'd be most concerned with holding people to their promises.
I think there's a disconnect in this conversation... Blake didn't say it was illegal, he simply said he thought it was evil...
Legally speaking, if you enter into an agreement, obviously you'll be asked to keep your end of the deal or there will be consequences.
As a person that has been shopping for properties recently, I can also agree with the sentiment that it's getting increasingly harder to find relatively recent property that doesn't include a HOA... I've been purposely avoided them, because in general I like to do what I please with my property (obviously, within the city/township imposed limits).
I explained the real point of me posting it, but it went right past you.
Interesting but irrelevant.who are you to tell me what should be relevant to my opinion of evil?
oh look. You resorted to taking a personal shot because you are failing to comprehend what is being said.And of all the people on this board, I figured you would be the one who'd be most concerned with holding people to their promises.
Neat!
I think the better question is should any en y be able to take somebody's home as liability without even an inherent financial obligation.
It's a contract sure but the terms by which they are constructed are bull .
My first thought was: "Great. An HOA with an at ude."
I do find it funny that it is allowed to go on in a right to work state.
Grow up.
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