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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Association Forclosure Posted by SeanW on April 29, 2003 at 2:21 PM In Reply to: Re: Association Forclosure posted by Rick Harmon on April 29, 2003 at 10:34 AM : Most HOA revised their CC&R's and ByLaws many years ago to permit recording and foreclosiing judicially on their liens like a TD. It's a rare Calif. association that has NOT made this change since they depend on the cash flow of all HOA members. Even so, since judicial foreclosures are a rare event, even a trickle of HOAs that have been reluctant to change could distort the distribution (percentage) of the types of plaintiffs, in the judicial foreclsoures. It's just a fact of human decision making, not even R.E. specific, that some people prefer avoiding change to converting to something better. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Most HOA revised their CC&R's and ByLaws many years ago to permit recording and foreclosiing judicially on their liens like a TD. It's a rare Calif. association that has NOT made this change since they depend on the cash flow of all HOA members. : Even so, since judicial foreclosures are a rare event, even a trickle of HOAs that have been reluctant to change could distort the distribution (percentage) of the types of plaintiffs, in the judicial foreclsoures. : It's just a fact of human decision making, not even R.E. specific, that some people prefer avoiding change to converting to something better. 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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