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
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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Mike Nastri Keller Williams Realty
9175 Carothers Pkwy Franklin, TN 37067
615.294.3912 MNastri@KW.com
Views and opinions expressed on this site are not necessarily those of WR Starkey Mortgage.
Ruth Vogt, Branch Manager
Colorado LMB #LMB100023827
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!
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.
Jackie, that really IS crazy isn't it!
Mary, You are good at pointing out the "plain and simple"!
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...