User profile: HOAGOV
Joined: Oct. 31, 2008
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Let's not bailout the automakers with all their trickle-down financial impact, but bailout those independent, authoritarian HOA regimes that deny constitutional protections.
What's this country coming to?
More info at http://pvtgov.org
The HOA president believes that ALL liens are handled by forceclosure, and thinks the banks should be made to pay for all liens. Not so! Mortgages are in first position and all other liens are extinguished, unless, of course, the HOA buys the property at foreclosure to protect its secondary liens. Yes, the HOA must first pay off the mortgage.
The president also laments about the nonpayment of fines, as if the fine was important to the operation and survival of the HOA. No, they are not! Fines are punitive in nature, serving as a detriment to the individual, and to others, to pay their bills. They are personal in nature.
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Interesting. Why has the HOA permitted outsiders to use its park? Why not charge a fee? What has the board done to proect its propert values? Take out a loan????