Delinquent HOA dues causing problems in short sales - 12/11/11 12:17 AM
It seems many short sale lenders are just saying no to paying the HOA(homeowners association) dues which are delinquent. Short sellers often decide they're not going to pay their mortgage, property taxes, or HOA dues and then can live cost free for as long as the short sale takes. But by not paying their HOA dues, by the time the short sale is approved there could be thousands of dollars in HOA dues which are in arrears, plus interest and legal fees which get tacked on. Suddenly this becomes the responsibility of the buyer or agents to cover or the home ends up in … (8 comments)

 
Tony Cannon - Real Estate Oceanside Carlsbad (Bressi Realty Carlsbad) Rainmaker_large

Tony Cannon - Real Estate Oceanside Carlsbad

Oceanside, CA

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Bressi Realty Carlsbad

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