Comment by kvuj
7 hours ago
How would foreclosing make the housing crisis worse? Wouldn't another family purchase the home thus creating a net zero?
7 hours ago
How would foreclosing make the housing crisis worse? Wouldn't another family purchase the home thus creating a net zero?
It often takes years between "HOA puts lien on house" and "house is foreclosed and sold", and during that time the house is in limbo, the owner can't sell it and buyers can't buy it.
Between the foreclosure and sale, who is paying to bring the property up to HOA code?
The party who foreclosed the house and is currently selling it. Who else could it be?
Why would you assume that? There’s no prohibition on selling a home with code deficiencies as long as you disclose them.
2 replies →
Maybe the buyer after the price is inflated by the extra cost that was unnecessarily incurred by the HOA
2 replies →