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Monday, May 25, 2015

What's your HOA foreclosure IQ?

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. The foreclosure process can be started by homeowners associations (HOAs) and common interest developments, but not without some careful consideration and following the laws of California or other states.

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by Canswerist® ▶ aka Altaloman®

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WHEN YOU CHANGE THE WAY YOU LOOK AT THINGS,
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A 'moniker' for the 'social current see' about common interest developments, aka HOAs, or homeowner associations, also property owner associations (POAs). These communities, while private governments, function much like cities with more than 9 million residents in these localities in California. As such, ALTACITIES, "alternate cities," are larger than the combined populations of the four largest cities in the state, Los Angeles, San Diego, San Jose and San Francisco.