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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 11:18 am to TheCaterpillar
Posted on 7/24/18 at 11:18 am to TheCaterpillar
quote:
I think the HOA is the least to blame here actually
Always impressed with the posters here
1
Posted on 7/24/18 at 11:18 am to MusclesofBrussels
quote:
Ughhh, she was in the process of selling?
quote:
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?
After YEARS of missed payments
I'd be losing my mind if I even came close to a missed payment on ANYTHING.
Posted on 7/24/18 at 11:19 am to slackster
Surprised LA isn’t there.
Posted on 7/24/18 at 11:20 am to DemonKA3268
quote:
Perhaps the HOA could or should have gone to her house to rectify this problem. If they only knew where she lived...
Perhaps they sent her letter after letter and she didn't respond or communicate? She admitted she was "distracted" and didn't tell them anything. For years she was too distracted to say anything?
I'm sorry, but not paying something for multiple years and not telling them why or what your plans are makes you at fault.
Posted on 7/24/18 at 11:23 am to LSUTigerFan247
quote:
The real question here is who the FRICK stopped bidding at $30K?
The dumb fricks in this neighborhood now have a comp at 30k. The woman is certainly not innocent in this story either.
Posted on 7/24/18 at 11:24 am to TheCaterpillar
quote:
quote:
and it was inches higher than the covenants allowed for without a variance approval
Why didn't he just shave the top off?
Or move it over a few feet after digging out a few inches for the base?
Posted on 7/24/18 at 11:24 am to TheCaterpillar
quote:Don't disagree but when you aren't getting any response from the letters, you may want to try a different strategy or approach. In the end, it's still moronic but this is the world we live in.
Perhaps they sent her letter after letter and she didn't respond or communicate? She admitted she was "distracted" and didn't tell them anything. For years she was too distracted to say anything? I'm sorry, but not paying something for multiple years and not telling them why or what your plans are makes you at fault.
Posted on 7/24/18 at 11:25 am to DemonKA3268
I had a client several years ago who is an NRA (foreign person) who bought a Miami condo to rent. Dude hasn't been to the US in years, just gets mailed about 100k in rental income per year (condo is a few million).
Anyway, long story short, Miami Dade had an incorrect address for him. He paid the HOA dues every year, but property taxes were not part of the dues. One day he gets a notice from the HOA that his condo was scheduled to be auctioned off the NEXT DAY. Dude is in a different time zone in Asia. I get to work (law firm) at 9am and have panicked voicemails from him and call him. Its midnight his time and we try and figure out how to get a 100k wire to us in our escrow account to pay the bill as it is now the next day and the condo was set to be sold at 1pm.
It was impossible. Zero way to get the 100k wired out at midnight in Asia to post within hours for us to pay.
Anyway, long story short, Miami Dade had an incorrect address for him. He paid the HOA dues every year, but property taxes were not part of the dues. One day he gets a notice from the HOA that his condo was scheduled to be auctioned off the NEXT DAY. Dude is in a different time zone in Asia. I get to work (law firm) at 9am and have panicked voicemails from him and call him. Its midnight his time and we try and figure out how to get a 100k wire to us in our escrow account to pay the bill as it is now the next day and the condo was set to be sold at 1pm.
It was impossible. Zero way to get the 100k wired out at midnight in Asia to post within hours for us to pay.
Posted on 7/24/18 at 11:26 am to MusclesofBrussels
quote:
I think the HOA is the least to blame here actually
Always impressed with the posters here
I mean, legally, the HOA can foreclose after 9 months of missed payments. It sounds like this went on quite a bit longer than that.
Reading the policies of the HOA makes it clear there are quite a few steps, including multiple certified letters, that are taken before foreclosure and a sheriff sale is initiated.
Posted on 7/24/18 at 11:29 am to LSUTigerFan247
quote:
The real question here is who the FRICK stopped bidding at $30K?
Well when the only person that knows about the auction is the HOA president’s brother...
Posted on 7/24/18 at 11:30 am to Tiger n Miami AU83
Oh, I should add it worked out. The guy knew someone in Miami and arranged for him to make the payment for him so he kept the condo. Barely though and only because he had a friend or someone that was willing and able to do that.
Posted on 7/24/18 at 11:30 am to Tiger n Miami AU83
quote:so you're just gonna leave us hanging?
Anyway, long story short, Miami Dade had an incorrect address for him. He paid the HOA dues every year, but property taxes were not part of the dues. One day he gets a notice from the HOA that his condo was scheduled to be auctioned off the NEXT DAY. Dude is in a different time zone in Asia. I get to work (law firm) at 9am and have panicked voicemails from him and call him. Its midnight his time and we try and figure out how to get a 100k wire to us in our escrow account to pay the bill as it is now the next day and the condo was set to be sold at 1pm.
It was impossible. Zero way to get the 100k wired out at midnight in Asia to post within hours for us to pay.
How big is your firm?
Posted on 7/24/18 at 11:31 am to slackster
quote:
I mean, legally, the HOA can foreclose after 9 months of missed payments. It sounds like this went on quite a bit longer than that.
Reading the policies of the HOA makes it clear there are quite a few steps, including multiple certified letters, that are taken before foreclosure and a sheriff sale is initiated.
Right.
People are going to overreact and blame the HOA immediately here and call them evil. This lady is completely responsible for this house going to auction.
They probably should've set the minimum auction price much higher.
Posted on 7/24/18 at 11:31 am to DemonKA3268
quote:
Nenita Neff
Posted on 7/24/18 at 11:32 am to DemonKA3268
HOAs have entirely too damn much power; frick 'em
Posted on 7/24/18 at 11:32 am to castorinho
Just beat you with the follow up conclusion, lol.
Posted on 7/24/18 at 11:32 am to soccerfüt
Glad she has a Mercedes with after market rims in the driveway...
Posted on 7/24/18 at 11:33 am to DemonKA3268
Pretty crazy law, did not know that was possible.
I certainly can sympathize with this woman for her medical issues and family members dying, but it sounds like not only did she just stop paying her mortgage/HOA dues, she made no attempts to communicate or try to talk with these companies to come to a resolution. This one's on her, unfortunately.
Also, how the shite does a $500k sell for $30k in a mortgage? I'm most interested in how the hell that happens.
I certainly can sympathize with this woman for her medical issues and family members dying, but it sounds like not only did she just stop paying her mortgage/HOA dues, she made no attempts to communicate or try to talk with these companies to come to a resolution. This one's on her, unfortunately.
Also, how the shite does a $500k sell for $30k in a mortgage? I'm most interested in how the hell that happens.
Posted on 7/24/18 at 11:34 am to DemonKA3268
quote:
Don't disagree but when you aren't getting any response from the letters, you may want to try a different strategy or approach. In the end, it's still moronic but this is the world we live in.
They sent her several certified letters that require signature.
She knew she wasn't paying for years and knew their intentions, and she didn't communicate hers.
Posted on 7/24/18 at 11:34 am to DemonKA3268
I’m keeping a list of everyone who badmouths hoas in this thread so I can know not to let them in my neighborhood
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