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Article #9156

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

#9156
From: Amy Blankenship
Date: Fri, 29 Feb 2008 14:11
56 lines
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"Scott in SoCal" <scottenaztlan@yahoo.com> wrote in message 
news:pj6fs3tl9f1bqftrb1m25nb0fq4h34qrvl@4ax.com...
> On Thu, 28 Feb 2008 09:26:54 -0600, "Amy Blankenship"
> <Amy_nospam@magnoliamultimedia.com> wrote:
>
>>
>>"Scott in SoCal" <scottenaztlan@yahoo.com> wrote in message
>>news:hdids3t3u8lpgg2414p2hr424lhq09iko8@4ax.com...
>>> 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.
>>
>>What makes you think the bank is any more concerned about your HOA 
>>standards
>>than someone who lived there?
>
> They aren't. However, the process of making the house attractive to
> buyers will undoubtedly involve removing all that unsightly graffiti.
>
> Problem solved.

No, banks typically let it sit in whatever state the previous owners left it 
until it is sold.  They might pick up some of the trash they left, but 
that's about it. 
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From: "Amy Blankenship" <Amy_nospam@magnoliamultimedia.com>
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Date: Fri, 29 Feb 2008 08:11:09 -0600