Homeowner associations are foreclosing on properties to recoup the delinquent fees. They are also buying these properties at pennies on the dollar.
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Be careful if you are trying to do a loan modification or a short sale. Make sure you or your Realtor is in contact with them and you are either setting up a payment plan, keeping the dues current, or negotiating a payoff at the close of escrow.
You might need my help. Feel free to call me if you have questions regarding a loan modification or doing a short sale on your home.
