🚀 go-pugleaf

In article <1t6fs3hfslm1caj9qu0ha8rs088rdomqnt@4ax.com>, Scott in SoCal wrote:
> On Thu, 28 Feb 2008 09:32:33 -0600, tetraethylleadREMOVETHIS@yahoo.com
> (Brent P) wrote:
> 
>>In article <hdids3t3u8lpgg2414p2hr424lhq09iko8@4ax.com>, Scott in SoCal wrote:
>>> On Thu, 28 Feb 2008 07:51:02 -0600, tetraethylleadREMOVETHIS@yahoo.com
>>> (Brent P) wrote:
>>> 
>>>>In article <7lecs31dcagl57p99b71dk1kummcfqvhe8@4ax.com>, Scott in SoCal wrote:
>>>>> On Wed, 27 Feb 2008 11:23:47 -0600, tetraethylleadREMOVETHIS@yahoo.com
>>>>> (Brent P) wrote:
>>> 
>>>>>>And this is good for the HOA when the banks are foreclosing exactly how? 
>>>>> 
>>>>> If nothing else, once the house is foreclosed on and the scumbag
>>>>> owners are evicted, someone can go in and clean off all the graffiti.
>>>>
>>>>Then you get to deal with the people that bought it at auction. 
>>> 
>>> I'll take my chances.
>>> 
>>>>>>It really doesn't matter though, because the big lender is going to get 
>>>>>>everything and the HOA's lien will just be disregarded anyway. 
>>>>
>>>>> Nobody cares about the money. What they care about is getting rid of a
>>>>> hideous eyesore.
>>>>
>>>>The point is the HOA's lien is meaningless in all respects under a zero 
>>>>equity condition. 
>>> 
>>> Why are you repeating yourself when your point has already been
>>> addressed? The amount of equity is irrelevant - if the owners are
>>> foreclosed upon, they are GONE, and whoever ends up owning the house
>>> afterwards is going to clean all the shit off of it so they can sell
>>> it and recover at least some of their investment. Thus, the original
>>> goal of getting the house cleaned up is satisfied.
>>
>>The lien doesn't do that. The lien from the association doesn't bring about 
>>the foreclosure. 
> 
> Sure seems like it to me:
> 
> http://www.ahrc.com/new/index.php/src/news/sub/article/action/ShowMedia/id/3251
> 
> However the foreclosure occurs, what matters is that it DOES occur,
> the current scumbag owners will be evicted, and the "investor" who
> buys the house at auction is going to fix it up in order to sell it.
> 
> Bye bye, graffiti!

nice trim scoup. Again, when you're dealing with the subprime, they don't 
give a shit. The association's lien and attempt to foreclose amount to 
nothing. The association could do nothing and spend no money. It's 
meaningless act that just eats up funds in legal fees. It does nothing 
when the owner has nothing in the property. 

As to your cite: 

"Not many people knew Sabina Anna Prioletta, a single, 37 year-old female 
on government disability, weighing some 100 pounds at 5-2. She was 
trying to survive at the poverty level on the disability payments. In 
2001 she inherited enough money to buy a 924 square foot, 2 story 
attached home"

<...>

"Three years elapse without any demands or notices for any payments. Then 
in May 2005 Sabina is hit with a civil suit for back payments, but 
beginning only in 2004. There was prior notice and demand for payment by 
somebody saying that they were the HOA, "

<...>

--------
Seems like that was all about the money against an owner with 100% 
equity. I'm talking about subprime zero equity people who would live in a 
graffiti covered house and you're bringing up an example of a woman with 
100% equity who couldn't pay her HOA assements. 

So, like I said, the lien, the foreclosure, the whole 9 yards is 
effective against people with equity, not those without. When you're 
talking about a home decorated with graffiti you're probably dealing with 
the later, not the former. 

Your cite supports what I wrote, that it's an effective tool against 
owners with equity. 

BTW, call up the image of the sign on the right...

NO REPAIRS TO VEHICLES ALLOWED. IMMEDIATE $200 FINE.