Loan Modification

Struggling HOAs Use "Reverse Foreclosure" To Mitigate Problems Due To Foot-Dragging Lenders Reluctant To Foreclose On Underwater Condos
Lexology reports on a court ruling that came out earlier this year in Florida on the use of so-called "reverse foreclosures" by condominium and homeowners' associations to stick foot-dragging, foreclosing lending institutions with the title to unwanted underwater units...

Stiffed Condo Associations Now Target Deadbeat Lenders With "Unpaid Maintenance Fee" Lien Foreclosures On Units Already Seized By Banks
In Sunny South Florida, The Wall Street Journal reports:As more condominium owners default on home loans, the amount of unpaid dues owed to condo associations is piling up. To collect the arrears, some condo boards have begun foreclosures on units already seized by banks...

Does and HOA or Condo Owner Have To Pay Assessments Even If Their Home is Foreclosed
I get this question at least two or three times a week. Question: I'm not sure if I need an attorney. My condo was recently foreclosed. Now I have received a complaint from my HOA for dues that I did not pay before my condo was foreclosed...

D.C. Bar Raises Dues, Defers On Deferment Option
The D.C. Bar?s board of governors voted to approve its proposed budget today, in turn raising annual active member dues from $195 to $224. The budget also raises dues for inactive members from $121 to $126 and for judicial members...

A New Unexpected Cause of Foreclosure Examined
A recent report from National Public Radio describes a shocking and troubling occurrence happening in certain neighborhoods in the United States. Apparently, some homeowners are finding their houses foreclosed on?but not because they fell behind on mortgage payments...

Is There A Stranglehold on HOAs in California
Imagine that you own a business. Imagine that the legislators keep passing laws that make it tougher and tougher to collect for the goods or services that are offered. Imagine that your earning capacity is limited to collecting just enough money to budget for the coming year...