Yes, the HOA can technically foreclose on the property. Some will, but most won't though. If you would like to speak with a Short Sale Specialist, please give me a call. I have been successfully handling short sales longer than most agents knew what a short sale was. I would be happy to give you all the ins and outs of the process if this is where you might be headed. It is a great way to avoid foreclosure. My contact info is below.
Short Sale Specialist
Prudential Americana Group
Cell: (702) 203-6688
Remember, "Time is of the essence!" Best of luck.
Valeri Edwards, REALTOR
ABR, RRG, SRES, SRS, RSPS, SFR, ATHOM, GREEN
Premier Real Estate
Be proactive, call them, explain your hardship.
Buy a home after foreclosure expert
your options. You need to be proactive to protect your credit as much as possible.
Coldwell Banker Wardley
Yes, the Common-Interest Communities (HOA's) may file a Notice of Default, and they can start the process quicker than a Bank. Also, if you are behind in the mortgage, this may cause the Bank to initiate their process sooner.
I can suggest a few real estate based attorneys for you to consult with, please contact me if you want thier information.
If you would like a free consult on your Real Estate options, please contact me.
Jason Allen Gardner, SFR
Broker / Salesperson REALTOR
Exit Realty Imoti
Then after they have been unsuccessful at collecting they will put the home up for auction.
How far behind are you?
"Short Sale & Bank Owned Specialist"