Why Condo Associations Are Sweating After A Judge’s Ruling https://t.co/pjXvHKfAxZ #HOA — Ward Lucas (@Ward_Lucas) April 17, 2017 Hawaiian Islands investigative reporter and columnist  IAN LIND reports:  “ It’s probably going to take years to unravel the legal and financial uncertainty now facing condominium associations and law firms that used nonjudicial foreclosures — private sales without supervision by courts — to collect unpaid maintenance fees or other assessments prior to 2012. ” Neighbors at War! tells about the growing crisis in the modern HOA movement and lays out one of the only strategies to stop the coming collapse of the covenant-controlled neighborhood. Your freedom really is at risk! Your personal wealth is at risk. Your Constitutional rights are being secretly shredded! And it’s all legal. http://canswerist.com

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. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES ® [ View the story "HOA foreclosures: The Kelly File" on Storify ] "No amount of ability is of the slightest avail without honor." ~Andrew Carnegie #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) May 25, 2015

Like my HOA (a 55+ community in Southern California's Inland Empire), a majority of your neighbors probably purchased their dwellings with cash or with conventional financing. Not many (if any) required, or were even allowed the option of government-backed financing. So this 'social current see' may not be relevant for your situation. The Federal Housing Finance Agency is an independent federal agency created as the successor regulatory agency resulting from the statutory merger of the Federal Housing Finance Board, the Office of Federal Housing Enterprise Oversight, and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, absorbing the powers and regulatory authority of both entities, with expanded legal and regulatory authority, including the ability to place government sponsored enterprises into receivership or conservatorship. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ [ View the story "HOA foreclosure complicat...

Apparently, the true champion here may be politician Roland Gutierrez is a Democratic member of the Texas House of Representatives.  He is spearheading an effort to cap legal fees in that state for HOA foreclosures.  Often, these fees are excessive and the tipping point that brings foreclosure, not the actual delinquency of HOA fees. Also see, VIDEOS on topic + Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER   [ View the story "Happy ending for TX HOA foreclosure" on Storify ]