HOAs Seek Association Fees from Banks
By bslaton on March 16th, 2010Reprinted from: Daily Real Estate News | March 8, 2010 | Condominium and home owners associations desperate for money are experimenting with a tactic called “reverse foreclosure” to force banks to pay association fees. The process works like this: When a borrower stops paying the mortgage, banks often delay taking the property into foreclosure. When…

