🚀 go-pugleaf

In article <7lecs31dcagl57p99b71dk1kummcfqvhe8@4ax.com>, Scott in SoCal wrote:
> On Wed, 27 Feb 2008 11:23:47 -0600, tetraethylleadREMOVETHIS@yahoo.com
> (Brent P) wrote:
> 
>>In article <fq45ep$60o$1@reader2.panix.com>, Rich Greenberg wrote:
>>> In article <R8CdnewVy42SZlnanZ2dnUVZ_gKdnZ2d@comcast.com>,
>>> Brent P <tetraethylleadREMOVETHIS@yahoo.com> wrote:
>>>>In article <1kh9s3tl2g15ungnofmrs17q9cikek559g@4ax.com>, Scott in SoCal wrote:
>>> 
>>> [...]
>>> 
>>>>> Good look up what happens when an HOA attaches a lien to a piece of
>>>>> real estate and the owner refuses to pay. Do you suppose the homeboys
>>>>> get to remain in the house once they no longer own it?
>>>>
>>>>Yeah... mortgage company #1 is owned 180,000, mortgage company #2 is owed 
>>>>another 50,000.... the lien from the HOA is what? $500. Yeah... good 
>>>>luck. The HOA isn't getting jack shit and would spend more in lawyer fees 
>>>>than they are owed. The lien alone is going to cost a few hundred bucks.
>>> 
>>> The purpose of the lien from the HOA is not to get the $500, its to make
>>> the house impossible to sell while it is in place.
>>
>>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. 

>>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. People who don't have a monetary interest in the 
property couldn't care less about some stinkin' lean. They aren't going 
to sell the place.... they are going to adbandon it in the end. 
 
>>The whole process assumes that there is money tied up in the property. 

> No, YOU are the one assuming it's about money. The HOA already has
> plenty of money thanks to everyone's monthly dues. What they want is
> for the trashy-looking houses to be made presentable.

Um YOU presented the weapon the HOA is using, the lien. To prevent a 
sale, that is money, loss of the property. That weapon is neutralized by 
zero equity. The only people who will care about the threat of a lien 
are people who have money tied up in the property. Those with zero will 
give the HOA the finger. Liens, etc are not a problem for them, they 
are walking away eventually anyway.