The last thing any homeowner wishes to happen is foreclosure on his home. For sure, that problem is one of the worst financial disasters for any homeowner, but it is also a disaster for lenders, notably so if the dwelling is located within an HOA. Typically, HOAs have been in a privileged position on foreclosures, that is, they stand at the front of the line before banks and mortgage lenders due to a lot of reasons. But the world may be changing when some states (like Nevada) change the game.
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.