You choose to buy in a condo community. You knew that there would be a home owner association and HOA fees before you bought. Now they are trying to collect the money that you owe them you are calling it blackmail. I do not think that you will get much sympathy at this site which contains landlords who "blackmail" tenants into paying their rent, lease option investors who "blackmail" their tenant buyers into paying their rent and option money, private lenders who "blackmail" their morgagors into making their mortgage payments, etc.
Hey, I have renters...and I dont blackmail anyone! I used to be the President of a Condo association, I never blackmailed anyone, although i could do what i wanted and charge whatever to their balances.
FYI, I was ON the board of this association, before I was thrown off, because I wanted to give homeowners 50% amnesty if they could pay in 60 days (Remember, this is after Katrina...and we didnt see one red cent of insurance proceeds...the board spent it...yes all $240k on $120k in so called "roof repairs", then charged a 2k assessment. Most folks didnt have 2k just lying around...lucky if they had a job...
Regardless of what you think, I paid my $350 and my 2k because I could. But their are 5 to 10 homeowners who probably cant pay.
Guess what wise guy...they gonna get charged $750 for the lien filing on top of the $350 for the letter...just to "build-up" a nice charges on top of the 2k.
Thats not right my friend, and I dont want to have anything to do with evil people like this. What goes around comes around...and yes...im more pissed for the other helpless homeowners, who I tried to help.
Its just meant for me to give these so called board...homeowners...a taste of the pain and disruption they are causing for others.
Its just a lawsuit, legal way of doing things, shouldnt bother them....very little to do with the $350
I generally get a lot of satisfaction from small claims court. I especially enjoy having people served at work by the sherrif or justice of the peace
Generally it is less than $100 in most states and even if you back out before the court date it is worth the $100 just to "wake them up". That is of course if you have any basis at all to stand on and any reasonable arguement that can be made..
[addsig]
Thats my main concern. This lawsuit could turn nasty, and if it does, it would probably need to be noted if its actually filed. So Im thinking I would need to sell prior to any legal action aganist an HOA. Even though it is a minor amount. Also, it would be too easy for the HOA to control your balance, illegally.
I would need to sell, that would ensure that the association pays their own fees and everything is truly left up to a judge, not an idiot homeowner/boardmember.
Thats just life with a condo. Its difficult to challenge anything. You really need to sell first or just bend over and let some man/woman decide the future of your property. Remember, this is not a rental?
I certainly hope that investors on this board take a second look at any condo development. The by-laws are generally never followed and they tend to be ruled by one or two people. The amount of money involved does not change this, it actually only tempts corruption.
Absentee homeowners tend to make the situation even worse. Condos arent good for rentals, because of the uncertainty of HOA (they dont bother my renters, but they could if they wanted).
Even if you want to live in one for 50yrs, unless you are president of the HOA, your home could be taken (or get $$$ liens) at any point...for any reason. Even if you pay dues, a HOA can charge you for anything. You could get charged hundreds if your dog takes a crap on the wrong lawn...seriously.
I will sell mine soon, but be wary of condos. Better to buy a townhouse and get a lawn service contract. Thats what i will do once i sell my condo. Dont say i didnt warn you...
Lying to the lender while in the process of securing a loan.
Stating that you are going to live in the home and then use the home as a rental.
Stating that you make 70k a year when make 50k a year.
Having any side agreeement with the seller or buyer that is not disclosed to the lender - such as cash back at closing.
Falsifying HUD1 or Settlement Statements.
These are most frequent cases of loan fraud to which I am aware.
thanks for the response. those all sound like fraud is occuring on the side of the buyer.
let me rephrase. ive been reading some posts and articles that use the phrase "she/he was the victim of mortgage fraud."
this implies that the fraud is taking place on the side of the lender. so using that setup could you answer the questions from my first post. thanks.
larsdelgars,
This link should help you.
http://www.mortgagefraudblog.com/
John $Cash$ Lockie
[addsig]
You choose to buy in a condo community. You knew that there would be a home owner association and HOA fees before you bought. Now they are trying to collect the money that you owe them you are calling it blackmail. I do not think that you will get much sympathy at this site which contains landlords who "blackmail" tenants into paying their rent, lease option investors who "blackmail" their tenant buyers into paying their rent and option money, private lenders who "blackmail" their morgagors into making their mortgage payments, etc.
Hey, I have renters...and I dont blackmail anyone! I used to be the President of a Condo association, I never blackmailed anyone, although i could do what i wanted and charge whatever to their balances.
FYI, I was ON the board of this association, before I was thrown off, because I wanted to give homeowners 50% amnesty if they could pay in 60 days (Remember, this is after Katrina...and we didnt see one red cent of insurance proceeds...the board spent it...yes all $240k on $120k in so called "roof repairs", then charged a 2k assessment. Most folks didnt have 2k just lying around...lucky if they had a job...
Regardless of what you think, I paid my $350 and my 2k because I could. But their are 5 to 10 homeowners who probably cant pay.
Guess what wise guy...they gonna get charged $750 for the lien filing on top of the $350 for the letter...just to "build-up" a nice charges on top of the 2k.
Thats not right my friend, and I dont want to have anything to do with evil people like this. What goes around comes around...and yes...im more pissed for the other helpless homeowners, who I tried to help.
Its just meant for me to give these so called board...homeowners...a taste of the pain and disruption they are causing for others.
Its just a lawsuit, legal way of doing things, shouldnt bother them....very little to do with the $350
I generally get a lot of satisfaction from small claims court. I especially enjoy having people served at work by the sherrif or justice of the peace
Generally it is less than $100 in most states and even if you back out before the court date it is worth the $100 just to "wake them up". That is of course if you have any basis at all to stand on and any reasonable arguement that can be made..
[addsig]
Thats my main concern. This lawsuit could turn nasty, and if it does, it would probably need to be noted if its actually filed. So Im thinking I would need to sell prior to any legal action aganist an HOA. Even though it is a minor amount. Also, it would be too easy for the HOA to control your balance, illegally.
I would need to sell, that would ensure that the association pays their own fees and everything is truly left up to a judge, not an idiot homeowner/boardmember.
Thats just life with a condo. Its difficult to challenge anything. You really need to sell first or just bend over and let some man/woman decide the future of your property. Remember, this is not a rental?
I certainly hope that investors on this board take a second look at any condo development. The by-laws are generally never followed and they tend to be ruled by one or two people. The amount of money involved does not change this, it actually only tempts corruption.
Absentee homeowners tend to make the situation even worse. Condos arent good for rentals, because of the uncertainty of HOA (they dont bother my renters, but they could if they wanted).
Even if you want to live in one for 50yrs, unless you are president of the HOA, your home could be taken (or get $$$ liens) at any point...for any reason. Even if you pay dues, a HOA can charge you for anything. You could get charged hundreds if your dog takes a crap on the wrong lawn...seriously.
I will sell mine soon, but be wary of condos. Better to buy a townhouse and get a lawn service contract. Thats what i will do once i sell my condo. Dont say i didnt warn you...