HOA Has Power to Foreclose

By
Real Estate Agent with Keller Williams Realty TN R.E. License 292369

Yes, it is true, the Home Owners Association does have the authority in many cases to begin foreclosure proceedings over delinquent HOA fees.  Do some HOAs take this authority too far? See the link below I would love to know what you think.  Foreclosure is ugly, I don't care what the reasons.  The video represents the opinion of the station doing the story, feel free to interject yours as well.

 

 

 

Fortunately for the Clauers, a federal law, the Servicemembers Civil Relief Act, appears to give them legal recourse.

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Franklin TN, Brentwood TN and Nashville Tennessee Real Estate

 
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The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Rodney Kennedy, Mike Nastri or Keller Williams Realty - Franklin, TN which is independently owned and operated. Neither Rodney Kennedy, Mike Nastri or Keller Williams Realty are responsible for the accuracy or content provided by The Community.
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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Ruth Vogt 06/30/2010 07:27 AM
  2. Evie Cohen 06/30/2010 07:29 AM
Topic:
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Groups:
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Franklin tn Keller Williams
Nashville tn real estate
Franklin Real Estate
Nashville Real Estate
Tags:
hoa
dues
foreclosure
home owners associations
scra
servicemembers civil relief act

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Rainmaker
448,966
Ruth Vogt
Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO
719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
Mike, This is a very interesting point that you make about the power of HOA's! Thanks for sharing, I'm going to reblog it!
Jun 30, 2010 07:37 AM #1
Rainer
77,497
Jason M. Keith
Caliber Home Loans - Parker, CO
Equal Housing Lender
Mike, you have a couple re-blogs on this one, wanted to thank you for the post!
Jun 30, 2010 07:38 AM #2
Rainmaker
278,271
Franklin & Brentwood, TN Homes Mike Nastri
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

Thanks for re-blogging Jason and Ruth.  This also ran on NPR.  There they say that she only missed 2 HOA payments.  I have a difficult time believing there isn't more to the story, but even if there is, this seems to be a drastic step to leap to.

Jun 30, 2010 03:34 PM #3
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Rainmaker
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Franklin & Brentwood, TN Homes Mike Nastri

It matters to us as much as it matters to you.
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