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Article #9217

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

#9217
From: George Conklin
Date: Wed, 27 Feb 2008 20:04
66 lines
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"Brent P" <tetraethylleadREMOVETHIS@yahoo.com> wrote in message
news:mN2dnYpTcbNxH1janZ2dnUVZ_uevnZ2d@comcast.com...
> In article <2gvas3hlq280ln9pmh6gjdnnmto60uh13h@4ax.com>, Scott in SoCal
wrote:
> > On Tue, 26 Feb 2008 23:54:23 -0600, tetraethylleadREMOVETHIS@yahoo.com
> > (Brent P) wrote:
> >
> >>In article <1kh9s3tl2g15ungnofmrs17q9cikek559g@4ax.com>, Scott in SoCal
wrote:
> >>> On Tue, 26 Feb 2008 09:59:03 -0600, tetraethylleadREMOVETHIS@yahoo.com
> >>> (Brent P) wrote:
> >>>
> >>>>In article <nfa8s3t0lvq7504co8go7gspeee77nafac@4ax.com>, Scott in
SoCal wrote:
> >>>>> On Mon, 25 Feb 2008 22:28:09 -0600,
tetraethylleadREMOVETHIS@yahoo.com
> >>>>> (Brent P) wrote:
> >>>>>
> >>>>>>In article <r5s6s3pu4jrcru0hfpc9lf22kevedggvp6@4ax.com>, Scott in
SoCal wrote:
> >>>>>>>
> >>>>>>> http://www.flickr.com/photos/caural/2289848908/
> >>>>>>> http://www.flickr.com/photos/caural/2289848912/
> >>>>>>
> >>>>>>I don't see why that is an endorsement of neighborhood busy body
control
> >>>>>>freaks. Do you really think such people are going to do anything but
tell
> >>>>>>them to 'f... off'?
> >>>>>
> >>>>> HOAs are backed up with CC&Rs, which basically means if you ignore
the
> >>>>> violation notices the HOA can fine you, and if you refuse to pay the
> >>>>> fines the HOA can sieze your property.
> >>>>>
> >>>>> Eventually the problem WILL be solved.
> >>>>
> >>>>I think you missed something, the guy with zero equity in the
property.
> >>>>See they tell you to fuck off.
> >>>
> >>> Go 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.
>
> > Doesn't matter if it's $1 - if they don't pay it, they can force the
> > house into forclosure to satisfy the lien. And they do - that's one of
> > the "horror stories" that people who don't like HOAs are constantly
> > regurgitating.
>
> Those people have equity. When you're talking about someone who decorates
> his house such as the one pictured, odds are you're dealing with the
> 'sub-prime'. When someone has no equity, 100% financing and basically
> paying interest only if they are paying at all, the HOA has effectively
> has no recourse. They are last on the list of creditors by a long shot.
>

   This is what usually happens.  The other homeowners end up paying a whole
lot more to cover the legal and other costs associated with trying to
collect $300.
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From: "George Conklin" <nil@earthlink.net>
Newsgroups: misc.consumers,alt.planning.urban,chi.general
Subject: Re: To Anyone Who Still Thinks HOAs Are a Bad Idea
Date: Wed, 27 Feb 2008 15:04:49 -0500
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