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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Practice changes slower than law Posted by SeanW on April 29, 2003 at 2:15 PM In Reply to: Re: Non-judicial foreclosure of an HOA lien in CA.. posted by jom-CA on April 29, 2003 at 1:03 PM Think about it. Ward has said the law changed about 10 years ago to allow nonjudicial HOA foreclosure. Not all real estate attorneys, and certainly not all HOAs, stay on top of legislative changes. And even when they do, other people inherently "stick to what they know". Change comes slow to people's way of doing business. Since judicial foreclosures are expensive and require legal expertise, most likely only a wealthy plaintiff (like a HOA) would bother with them. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Think about it. Ward has said the law changed about 10 years ago to allow nonjudicial HOA foreclosure. : Not all real estate attorneys, and certainly not all HOAs, stay on top of legislative changes. And even when they do, other people inherently "stick to what they know". Change comes slow to people's way of doing business. : Since judicial foreclosures are expensive and require legal expertise, most likely only a wealthy plaintiff (like a HOA) would bother with them. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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