hoa laws

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Originally Posted by MikeJaquish

They just don't have a lot of motivation to take back homes that are way underwater.

Sure they do, they just dont have time to deal with them all at once.

The loans are guaranteed by FannieMae or Freddie mac. When all is said and done, they get 100% or more (fees) of the original mortgage price, courtesy of the american taxpayer.

[IC_deLight]

Originally Posted by mabaka

My HOA is threatening to evict me for late dues and the board will not accept anything less than payment in full which I cannot afford. What can I do to stop this from happening?

Is there a "professional management company" or an "HOA attorney" or both?
If so, can you identify the management company?

You might have the situation where the management company has completely usurped the entire collection process and they will be more interested in racking up "collection fees" than their client getting paid.

Clarify whether your property is burdened by a condominium association or an HOA corporation.

Identify the management company involved.