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Article #9202

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

#9202
From: Amy Blankenship
Date: Thu, 28 Feb 2008 15:26
40 lines
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"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?  Do you have any idea how long a lawn can get 
when a house is in foreclosure?  I do, since I have bought a property in 
foreclosure. 
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From: "Amy Blankenship" <Amy_nospam@magnoliamultimedia.com>
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Subject: Re: To Anyone Who Still Thinks HOAs Are a Bad Idea
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Date: Thu, 28 Feb 2008 09:26:54 -0600