#SocialCurrentSee ®▶ #FHAnswers * ( #ALTACITIES archive by @ALTALOMAN · @Storify https://t.co/r1Ra0pjzY2 — Mike Foxworth (@ALTALOMAN) May 23, 2016 First-time condominium buyers soon discover the potential complications of their purchases, as partially explained in the following  #SocialCurrentSee . As the owner of a condo in a Southern California Inland Empire community of Trilogy Glen Ivy (south of Corona) we are personally familiar with these complications, but also the advantages of living in a condo with regard to maintenance, amenities, and affordability for what is generally a pricey marketplace for all real estate. Within our community of some 1317 residents who are required to be 55+, there is a known interest in the subject of reverse mortgages, but that option is not currently available for the some 180+ condominium owners because the community is not FHA-certified.  For that reason, the preface archive (see tweet above) may be timely, indeed. A...

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. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES © Now with 1,000+ followers on http://socialcurrent see.com [ View the story "NV court rules on HOA foreclosures" on Storify ] "Turn your wounds into wisdom." ~Oprah Winfrey #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) June 22, 2015