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To: Poohbah
One poster on here who is in the business of buying forclosures said she did feel like a vulture at times.
What is wrong with putting a lean on homes that don't pay homeowners associations what is due them? The lean would be paid off when the property is sold.
327 posted on 01/26/2004 6:11:35 AM PST by Ditter
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To: Ditter
The person who bought this property is in the business of purchasing foreclosures. Or so it seems from a viewing of his extensive real property transaction history in several California counties. I don't fault him one iota. The HOA may have been premature in bringing this action to the courthouse steps, however.

The County Assessment of the improvements and land is only $168k and change. Which seems about right after seeing a picture of the home. The use of the words "dream home" can be misleading. The home looks like a nice California Bungalow that one would find quite readily around the state. The $258k figure probably came from a real estate agent trying to get a listing.
337 posted on 01/26/2004 7:09:12 AM PST by RGSpincich
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To: Ditter
What is wrong with putting a lean on homes that don't pay homeowners associations what is due them? The lean would be paid off when the property is sold.

How about because then none of the homeowners would pay the fee, since they could defer them indefinitely. Then the Association would go broke and not be able to pay to maintain the roads, pools, property, and other services they were supposed to do. Then the homeowners would sue them for not performing in accordance with the agreement. :-)

350 posted on 01/26/2004 10:57:31 AM PST by weaponeer
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