Home Foreclosures in Castle Rock, Colorado

Reblogger Ruth Vogt
Mortgage and Lending with Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate. LMB100023827. NMLS257576.

Home Foreclosures in Castle Rock, Colorado

Have you ever wondered what might spur home foreclosures in Castle Rock? There are the obvious reasons for home foreclosures, like not making your monthly mortgage payments. Or not paying your county taxes. But what you might not realize, is that home foreclosures can be generated by your Home Owners Association!

Here is an interesting blog about what happened in Maryland! Makes you think twice about home foreclosures!

There are many experts in the industry that can help prevent home foreclosures. For more information, call me and I can refer you to an expert in your area.

Ruth Vogt

www.MyLenderOfChoice.com

Phone: 720-489-0712

Original content by Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy TN R.E. License 292369

Yes, it is true, the Home Owners Association does have the authority in many cases to begin foreclosure proceedings over delinquent HOA fees.  Do some HOAs take this authority too far? See the link below I would love to know what you think.  Foreclosure is ugly, I don't care what the reasons.  The video represents the opinion of the station doing the story, feel free to interject yours as well.

 

 

 

Fortunately for the Clauers, a federal law, the Servicemembers Civil Relief Act, appears to give them legal recourse.

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Franklin TN - Home Search - Area and Market Report Index 

Brentwood TN - Home Search - Area and Market Report Index 

The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Mike Nastri    Keller Williams Realty - Franklin, TN neither Mike Nastri or the Keller Williams Realty Franklin  office, which is independently owned and operated are responsible for the accuracy or content provided by The Community.

 Links to Mike Nastri past Real Estate blogs, Listings, or Market Reports.  
Contact Mike for the most recent listings and market information.
 

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Topic:
Lending / Financial
Location:
Colorado Douglas County Castle Rock
Groups:
WR Starkey Mortgage
Tags:
home foreclosures in castle rock colorado
foreclosures in castle rock colorado

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Rainmaker
642,510
Adam Malachi
RLO Millennium Real Estate and Mortgage. - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR
Hello Ruth ~ Great post as usual! Excellent information’s about the predators HOA foreclosing on innocents people! Thanks for sharing, Adam
Jun 30, 2010 05:23 PM #1
Rainmaker
388,397
Ruth Vogt
Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Centennial, CO
303-395-3884. Apply 24/7 www.MyLenderOfChoice.com
The video that Mike added was a really interesting clip, wasn't it?
Jun 30, 2010 08:35 PM #2
Rainmaker
723,517
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Foreclosing from owing $800???????????? How insane is that!?!??!?!? I'm on the board of our HOA and I can tell you it's mega expensive to try and foreclose on someone. It's a lot more than $800. Thankfully, everyone here pays their HOA fees. This is just incredible!

Jul 01, 2010 06:34 AM #3
Rainmaker
515,565
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Ruth, I know that any creditor can get judgement and foreclose -- interesting that the HOA chose to foreclose on a home that was free and clear.  I wonder how many other homes with mortgages they have foreclosed on?

Most creditors don't want to assume mortgage payments after all - this is highway robbery plain and simple.

Jul 07, 2010 09:24 AM #4
Rainmaker
388,397
Ruth Vogt
Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Centennial, CO
303-395-3884. Apply 24/7 www.MyLenderOfChoice.com

Jackie, that really IS crazy isn't it!

Mary, You are good at pointing out the "plain and simple"!

Jul 09, 2010 08:06 PM #5
Anonymous
Anonymous
Anonymous

What is wrong with people?  This is, as Mary said, plain and simply WRONG! My brother owns a property that, while stationed overseas, his renters moved out and didn't inform him.  The mortgage went unpaid, unbeknownst to him for several months, and finally, he got a notice from the bank that he was XXX amt. in arrears, pay up now or lose it.  He did, after some struggling, and then got a mgmt. company to take care of the property in his absence.  He knew his resposibilities and recognized his fault, but you would think that neighbors might say something...nosy Mrs. Kravitz (from Bewitched) may not have been such a bad neighbor to have after all...

Aug 04, 2010 11:06 AM #6
Rainmaker
388,397
Ruth Vogt
Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Centennial, CO
303-395-3884. Apply 24/7 www.MyLenderOfChoice.com
LOL! You're right, Cheryl, Mrs Kravitz wasn't that bad now that you put it that way!
Aug 06, 2010 10:34 AM #7
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303-395-3884. Apply 24/7 www.MyLenderOfChoice.com
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