🚀 go-pugleaf

In article <bcvls35qi8kbkmjbdoarj7h1mvc1tm3r6l@4ax.com>, Scott in SoCal wrote:
> On Sat, 01 Mar 2008 20:19:35 -0600, tetraethylleadREMOVETHIS@yahoo.com
> (Brent P) wrote:
> 
>>In article <5trjs3d1bf5f1it3nnseld69l29pojmb17@4ax.com>, Scott in SoCal wrote:
>>> On Sat, 01 Mar 2008 15:06:51 -0600, tetraethylleadREMOVETHIS@yahoo.com
>>> (Brent P) wrote:
>>> 
>>>>In article <6ksis35o093e0a46ulvucugnu498e79n61@4ax.com>, Scott in SoCal wrote:
>>>>> On Fri, 29 Feb 2008 23:47:46 -0600, tetraethylleadREMOVETHIS@yahoo.com
>>>>> (Brent P) wrote:
>>>>> 
>>>>>>So you fine the owner of the oddly painted house.... the guy with no 
>>>>>>money in the property. A year goes by, the bank is already several months 
>>>>>>into the foreclosure process and the association has placed a lien and 
>>>>>>then starts foreclosure. accomplishing: Nothing. 
>>>>> 
>>>>> I'm not going to explain it again. Everybody else gets it by now; if
>>>>> you can't, that's your problem.
>>>>
>>>>And I explained it to you, it doesn't matter if the association files a 
>>>>lien or sits on its hands. The banks will have priority. Welcome to what 
>>>>is now called the sub-prime world. 
>>> 
>>> Ah, I see what you're doing. Your plan is to keep repeating the same
>>> shit over and over again until I give up and let you have the last
>>> word. Then you can claim victory.
>>
>>Until you understand the situation. I take it you've never dealt with 
>>someone who has stopped paying an association and his mortgage before. I 
>>have, from the board pov. 
 
> I understand it more than you are willing to admit.
> 
> Go ahead, outline a plausible scenario where the HOA levies fines,
> forces the house into foreclosure, and yet the fugly exterior paint
> job does NOT get cleaned up.
> 
> Remember, I said PLAUSIBLE.

I've had to deal with two foreclosures, only one to the end at this point 
in time. In the first the owners took out a home equity loan for 100% of 
their equity and then left the US. In the second, the guy did a zero 
down, 100% financing arrangement with two different lenders. He moved out 
saying he got transfered or something... his association payments still 
came in the mail on time. Family members checked on the place. Then they 
just stopped. No response to letters to his last address. Next thing to 
show up was a process server for the foreclosure from the bank. In 
contacting family members it was learned he had left the US. 

In the first case we levied fines and were going to go for a lien when 
the bank foreclosed. I discussed this with the association's real estate 
lawyer, and got the answer I expected after reading the papers on the 
foreclosure. (associations are named in foreclosures because the banks 
figure the associations have been stiffed too) that answer was near zero 
chance of recovery. Anything the association does is moot compared to the 
bank's interest. Even if we had gotten to the courthouse first it 
wouldn't have mattered as I understood the answer. 

Unless you think the gang bangers are paying their mortgage on time and 
just being assholes to the association, the association's action is moot. 
If they are paying their mortgage on time, well... they are gang bangers, 
right? You be on the board that forecloses on them.... would you like 
that yellow corvette to be bullet hole free scott? :)