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Real Estate & Property Law

: The Home Equity Theft Reporter

Florida HOAs Begin Looking To "Reverse Foreclosure" Tactic To Stick Lenders With Title To Unwanted, "Upside Down" Condos

By r morris

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In Miami, Florida, The Miami Herald reports:Revenue-starved condominium and homeowners associations struggling to keep the taps running and the lawns mowed have found a novel way to squeeze money from units that don't pay what they owe. It's called a reverse foreclosure, a tool that can force banks to pay association maintenance fees when unit owners don't.***Here's how a reverse foreclosure

Full post as published by The Home Equity Theft Reporter on March 09, 2010 (boomark / email).

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