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Article #9113

Re: To Anyone Who Still Thinks HOAs Are a Bad Idea

#9113
From: M.L.
Date: Mon, 03 Mar 2008 11:17
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>> the gang-banger residents will be evicted. The bank, wishing to
>> recover as much of its inventment as possible, will at the very least
>> send someone to power-wash that hideous paint job off and/or paint
>> over it with some solid, neutral color.
>
> Um... probably not. Banks just send the property to auction. That's
> why
> they don't notice the dead bodies inside. Ever wonder why those news
> stories almost always say the body was discovered by someone who
> bought
> the property at a foreclosure auction or a tax-sale auction?
>
> They don't look inside. The foreclosure I had to deal with the banks
> (the first one that foreclosed and the second one that got the
> remainder) didn't even ask for the keys. They never stepped inside.
> The new owner from the auction got a set of keys from real estate
> office that had been trying to sell it before the owners skipped the
> country.

HUD foreclosed homes are inspected before sale. The prospective buyer 
can look at HUD's Property Condition Report before bidding. 
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Subject: Re: To Anyone Who Still Thinks HOAs Are a Bad Idea
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Date: Mon, 3 Mar 2008 05:17:52 -0600