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Started By
Message
re: Woman loses home after HOA auctions nearly $500K home for $30K
Posted on 7/24/18 at 11:11 am to TH03
Posted on 7/24/18 at 11:11 am to TH03
quote:
Scum of the earth if they knew the situation.
Yep, known of similar circumstances where lenders were like the "Nope, nope, nope" gif. The lender would rather take the single loan hit than the negative press over putting some elderly sick person on the streets. (of course they'd swoop in the day after the owner passed away, provided no surviving spouse to call local TV)
0
Posted on 7/24/18 at 11:11 am to ell_13
quote:
How does the HOA not realize that this hurts the neighborhood? Values would plummet.
Anomalies like this would not make other home values plummet. That's ridiculous.
Appraisers would just ignore this price of this home at auction.
And while this law is absurd, this lady should shoulder all of the blame. She was a squatter for years and didn't communicate to anyone at the HOA that she was selling.
This wasn't a few missed HOA payments and her begging for some time. This was years of non-payment and her not saying shite to anyone.
Posted on 7/24/18 at 11:11 am to DemonKA3268
HOAs are many times necessary to keep nice neighborhoods in order and prevent trashiness. The problem is that a lot of people serving on HOA boards power trip because they little dicks or little worth outside of that board. People who actually have stuff going for them in the real world don’t act like clowns on their HOA, or make a big deal out of lowering the neighborhood speed limit by 5 mph.
This post was edited on 7/24/18 at 11:15 am
Posted on 7/24/18 at 11:12 am to DemonKA3268
I never got the hate for HOAs until my neighbor had to take down his $3000 playlet for his daughter because he didnt get proper approval to put it up.
Another neighbor complained that it was against the covenants to have one "so high" and he felt threatened when the 6 year old girl was at the top of it - it was similar to this:
The HOA sent someone out to measure, and it was inches higher than the covenants allowed for without a variance approval. They made him take it down and would not approve a variance based on neighbor objection.
I knew the HOA president and I tried to reason with him and he blew his friendship with me over this.
Another friend in our neighborhood was accidentally late on his semi annual dues - just forgot to send the check. Within 30 days they had assessed 75% in in late fees and put a lien on his $400k home.
I LOATHE OUR HOA.
Another neighbor complained that it was against the covenants to have one "so high" and he felt threatened when the 6 year old girl was at the top of it - it was similar to this:
The HOA sent someone out to measure, and it was inches higher than the covenants allowed for without a variance approval. They made him take it down and would not approve a variance based on neighbor objection.
I knew the HOA president and I tried to reason with him and he blew his friendship with me over this.
Another friend in our neighborhood was accidentally late on his semi annual dues - just forgot to send the check. Within 30 days they had assessed 75% in in late fees and put a lien on his $400k home.
I LOATHE OUR HOA.
This post was edited on 7/24/18 at 11:15 am
Posted on 7/24/18 at 11:13 am to Slagathor
quote:This situation could have been handled differently. I'm sure there is fault with her and things she could have done different but auctioning the house off for $30,000, nope. Wrong to me.
I realize situations change and the unthinkable can happen but why are you not upset with the woman for not downsizing instead of essentially squatting
Posted on 7/24/18 at 11:13 am to TH03
quote:
Scum of the earth if they knew the situation.
Why wouldn't they sell it for market value and then the HOA gets the first $30K of proceeds because they had the priority position? I don't get that?
Posted on 7/24/18 at 11:13 am to Slagathor
quote:
I realize situations change and the unthinkable can happen but why are you not upset with the woman for not downsizing instead of essentially squatting
Ughhh, she was in the process of selling?
Regardless, an HOA should never have repo power. That's ridiculous.
Posted on 7/24/18 at 11:13 am to DemonKA3268
The real question here is who the FRICK stopped bidding at $30K? 
Posted on 7/24/18 at 11:14 am to anc
quote:
and it was inches higher than the covenants allowed for without a variance approval
Why didn't he just shave the top off?
Posted on 7/24/18 at 11:14 am to DemonKA3268
quote:
The mortgage lender told us it's up to the homeowner to work out an extension with the HOA if they have a short sale in the works to prevent a house going to auction.
The mortgage lender was the real screw up in this situation. How do you let a home with a $300k+ mortgage get bought for $30k? Nevada law requires HOAs to notify junior lien holders of a foreclosure, so the lender knew this was about to happen. The vast majority of the time the lender pays the dues to prevent their secondary lien from becoming worthless.
Posted on 7/24/18 at 11:15 am to Slagathor
quote:
I realize situations change and the unthinkable can happen but why are you not upset with the woman for not downsizing instead of essentially squatting
I agree that the law is crazy though.
She was trying to downsize. Did you not read that she had negotiated with her lender for a short sale so she could get out?
Posted on 7/24/18 at 11:16 am to Pecker
quote:I agree with you on this. These people get on a power trip.
HOAs are many times necessary to keep nice neighborhoods in order and prevent trashiness. The problem is that a lot of people serving on HOA boards power trip because they little dicks or little worth outside of that board. People who actually have stuff going for them in the real world don’t act like clowns on their HOA, or make a big deal out of lowering the neighborhood speed limit by 5 mph.
Posted on 7/24/18 at 11:16 am to TheCaterpillar
quote:This isn't an anomaly, it's a policy. And if it happened more than once, it would accelerate an already shitty situation. Las Vegas of all place should know how fragile housing can be.
Anomalies like this would not make other home values plummet. That's ridiculous.
This post was edited on 7/24/18 at 11:17 am
Posted on 7/24/18 at 11:16 am to slackster
I think the HOA is the least to blame here actually 
The lady was a squatter for YEARS and never communicated her intentions to sell. And the lender didn't intervene when the HOA announced it's plan to put it up at auction.
I don't care what happened in your life, it doesn't excuse multiple YEARS of non-payment and non-communication. A few months? I get it and the HOA probably would have as well. This was not that.
The lady was a squatter for YEARS and never communicated her intentions to sell. And the lender didn't intervene when the HOA announced it's plan to put it up at auction.
I don't care what happened in your life, it doesn't excuse multiple YEARS of non-payment and non-communication. A few months? I get it and the HOA probably would have as well. This was not that.
This post was edited on 7/24/18 at 11:19 am
Posted on 7/24/18 at 11:17 am to anc
Time to start going to the meetings and bring as many home owners on your side. You can easily vote out the current board and with a new board, write new bylaws.
Posted on 7/24/18 at 11:17 am to TH03
Very few things are morally justified that an HOA does even if they have legal right to do it. Just because they can sell the house out from under someone doesn't mean they should do it. That is absurd on every level.
Again, I don't disagree that they have the law on their side but no HOA should ever do that to anyone. It's bullshite.
Again, I don't disagree that they have the law on their side but no HOA should ever do that to anyone. It's bullshite.
Posted on 7/24/18 at 11:17 am to DemonKA3268
I’ll sell it back to her for $250,000. I didn’t realize the situation.
Posted on 7/24/18 at 11:17 am to MusclesofBrussels
quote:
Regardless, an HOA should never have repo power. That's ridiculous.
States where it's legal:
quote:
HOA super liens aren’t allowed in every state, but there are many states that do allow HOA super liens. These states include Alabama, Alaska, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, Washington and West Virginia. In addition, the District of Columbia and Puerto Rico also have HOA super liens.
Posted on 7/24/18 at 11:18 am to ell_13
quote:
This isn't an anomaly, it's a policy.
Squatting for years of non-payment of both your mortgage and HOA, without communicating your situation, is most certainly an anomaly.
quote:
And if it happened more than once, it would accelerate an already shitty situation.
I seriously doubt this happened more than once.
Posted on 7/24/18 at 11:18 am to TheCaterpillar
quote:Perhaps the HOA could or should have gone to her house to rectify this problem. If they only knew where she lived...
I think the HOA is the least to blame here actually The lady was a squatter for YEARS and never communicated her intentions to sell. And the lender didn't intervene when it went the HOA announced it's plan to put it up at auction. I don't care what happened in your life, it doesn't excuse multiple YEARS of non-payment and non-communication. A few months? I get it and the HOA probably would have as well. This was not that.
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