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Sacramento Short Sales and HOA Dues

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Education & Training with Master Your Market Real Estate Coaching

If you're facing a Sacramento Short Sale (which is WAY better than a Sacramento Foreclosure!), it's important to keep up your HOA dues. Now I know, not everyone has HOA Dues, but some of us do. An HOA Due is something you will know whether of not you'll have because you have been paying if every month since you purchased your home. It's not part of your loan though, so it will have a separate billing.

The point is that if you DO have an HOA Due, you MUST keep it current. Even if you are not able to make your house payment, it's important to try your very best to maintain that payment. Why? Because those HOA Associations can slap a lien on your property at the drop of a dime, and, liens on properties and short sales do not good bedfellows make. In other, less poetic terms, that HOA Association can decide to put a lein on the property ten minutes before closing and it can blow the whole deal. Really.

Here's a little video I made for you with some more info:

 

 

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