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Foreclosure Investors, REO Investors suing HOA
Fur is flying in Las Vegas as foreclosure, REO investors fight homeowner associations for gouging them. Investment groups joined together to file a class action suit which claims that they are being overcharged by hundreds of HOAs and collection agencies for assessments, fines, interest and collection amounts accumulated during foreclosure process.
That past-due amounts are capped by law at the equivalent of nine months of association assessments and can include a combination of regular assessments, fines and other charges. Collection agencies and title companies are asking investors for total amount of liens piled up against properties informed by the associations which can be much higher than legally required assessments.
This is a case to watch out for and read about it by CLICKING HERE
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Foreclosure, REO Investors suing over HOA, Collection Fees is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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