Question: I am being
foreclosed on by the HOA for
past dues. I tried to pay the dues, but the HOA will not
accept my payment. Is this allowed? The
foreclosure process is started and I am doing
everything I can to make the payment and get caught up.
Also, there are thousands of dollars in
attorney
fees that are being billed to me as well. If I get
caught up on the HOA fees can they still
foreclose based on the additional
attorney
fees?
Response: Foreclosure by HOA is tricky because HOA is
typically more aggressive than the bank in their effort
to
foreclose. They prefer to get rid of an unpaying
member as quickly as possible so they could get a paying
member in. If you can’t reach some sort of a payment
plan with HOA, it is likely that the Judge assigned to
your case would try to let you work this out rather than
allow
foreclosure. Otherwise, you would have to pay in
full, including
attorneys’
fees and costs.
In the legal blog, Attorney Svetlana Kaplun addresses typical questions our firm has received from our clients, or come across from homeowners related to foreclosure, foreclosure defense, loan modification and bankruptcy topics.
The information contained in the legal blog of Attorney Svetlana Kaplun is for informational purposes only, and should not be construed as a legal advice on any subject matter. Please read our full disclaimer or contact the Law Office of Svetlana Kaplun, P.C. by telephone at 718-444-1115 for more information.
Copyright © 2015 Law Office of Svetlana Kaplun, P.C.
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Law Office of Svetlana Kaplun, P.C. provides high-quality legal counsel to people, with a unique focus on clients in need of financial relief. Our specialization areas comprise of foreclosure defense and litigation, including varying forms of loss mitigation, such as loan modification and debt negotiation, as well as bankruptcy.
Call our firm today at 718-444-1115 or visit us on the web at www.loanmodny.com!
Tuesday, May 5, 2015
HOA would Rather Foreclose than Accept my Past Dues
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Svetlana Kaplun
Location:
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