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: The Home Equity Theft Reporter

Hard-Hit HOAs Ramp Up Pressure On Foot-Dragging 1st Mortgage Holders To Force Legal Action Against Delinquent Unit Owners

By r morris

In South Florida, the South Florida Sun Sentinel recently ran a story on how financially strapped condominium and homeowners' associations unable to collect substantial amounts of unpaid maintenance fees from unit owners are directing their efforts to stimulate collections at the banks holding the first mortgages on the delinquent units in an effort to stay afloat, as explained in this excerpt:

Full post as published by The Home Equity Theft Reporter on August 22, 2010 (boomark / email).