hoa: The HOA is Foreclosing? You're Kidding, Right?? - 11/19/11 10:49 PM
The HOA is foreclosing? You're Kidding, Right?? Why would they do that?
Foreclosures by home owners' associations (HOAs) in Northern Nevada are becoming an increasingly common phenomenon. Makes no sense, you say? They will acquire the property with at least one (huge) lien attached. Are they nuts? The bank will just laugh at them.
As the president of the board of my own Reno, Nevada HOA, perhaps I can shed some light on the thinking behind this apparent foolishness. For starters, HOAs are required by both their governing documents (the CC&Rs) and Nevada State Law to perform certain functions. For example:
… (18 comments)

 
Linda Humphrey, CRS, Broker/Owner HHC Realty (Humphrey Home Connections Realty, Reno, Nevada)

Linda Humphrey, CRS, Broker/Owner HHC Realty

Reno, NV

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Humphrey Home Connections Realty, Reno, Nevada

Address: 719 Caughlin Glen, Reno, NV, 89519

Cell Phone: (775) 287-4665

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Observations on home and investment property purchase and sales in the Reno, Sparks, and other Washoe County areas. In addition, reviews of local businesses, area activities, and day-to-day life are highlights


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