Blogging About Loans: Home Foreclosures in Castle Rock, Colorado

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Home Foreclosures in Castle Rock, Colorado

Home Foreclosures in Castle Rock, Colorado

Have you ever wondered what might spur home foreclosures in Castle Rock? There are the obvious reasons for home foreclosures, like not making your monthly mortgage payments. Or not paying your county taxes. But what you might not realize, is that home foreclosures can be generated by your Home Owners Association!

Here is an interesting blog about what happened in Maryland! Makes you think twice about home foreclosures!

There are many experts in the industry that can help prevent home foreclosures. For more information, call me and I can refer you to an expert in your area.

Ruth Vogt

www.MyLenderOfChoice.com

Phone: 720-489-0712

Yes, it is true, the Home Owners Association does have the authority in many cases to begin foreclosure proceedings over delinquent HOA fees.  Do some HOAs take this authority too far? See the link below I would love to know what you think.  Foreclosure is ugly, I don't care what the reasons.  The video represents the opinion of the station doing the story, feel free to interject yours as well.

 

 

 

Fortunately for the Clauers, a federal law, the Servicemembers Civil Relief Act, appears to give them legal recourse.

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Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

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   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 7 commentsRuth Vogt • June 30 2010 02:27PM

Comments

Hello Ruth ~ Great post as usual! Excellent information’s about the predators HOA foreclosing on innocents people! Thanks for sharing, Adam
Posted by Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR (A 2 Z Realty LLC) about 8 years ago
The video that Mike added was a really interesting clip, wasn't it?
Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) about 8 years ago

Foreclosing from owing $800???????????? How insane is that!?!??!?!? I'm on the board of our HOA and I can tell you it's mega expensive to try and foreclose on someone. It's a lot more than $800. Thankfully, everyone here pays their HOA fees. This is just incredible!

Posted by Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) about 8 years ago

Hi Ruth, I know that any creditor can get judgement and foreclose -- interesting that the HOA chose to foreclose on a home that was free and clear.  I wonder how many other homes with mortgages they have foreclosed on?

Most creditors don't want to assume mortgage payments after all - this is highway robbery plain and simple.

Posted by Mary Douglas, REALTOR, Red Feather Lakes, Colorado (United Country Ponderosa Realty, Red Feather Lakes, Colorado) about 8 years ago

Jackie, that really IS crazy isn't it!

Mary, You are good at pointing out the "plain and simple"!

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) about 8 years ago

What is wrong with people?  This is, as Mary said, plain and simply WRONG! My brother owns a property that, while stationed overseas, his renters moved out and didn't inform him.  The mortgage went unpaid, unbeknownst to him for several months, and finally, he got a notice from the bank that he was XXX amt. in arrears, pay up now or lose it.  He did, after some struggling, and then got a mgmt. company to take care of the property in his absence.  He knew his resposibilities and recognized his fault, but you would think that neighbors might say something...nosy Mrs. Kravitz (from Bewitched) may not have been such a bad neighbor to have after all...

Posted by c m almost 8 years ago
LOL! You're right, Cheryl, Mrs Kravitz wasn't that bad now that you put it that way!
Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 8 years ago

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