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SheliaH (Indiana)
Posts: 6,964
Posted:
We often talk about HOAs foreclosing on homeowners who haven’t paid assessments (goodness knows I dealt with that more times that I care to remember during my 10 years on the board). Anyway, it seems to me it might be nice to provide tips on how homeowners can avoid fraud schemes when they’re looking for help in avoiding foreclosure – here’s an article I saw today:

https://consumer.ftc.gov/consumer-alerts/2024/04/skip-scams-you-look-options-avoid-foreclosure?utm_source=govdelivery

Note there may be local resources in your area that can also assist homeowners - if you have someone who's having difficulty, suggest they take a look.

If it is not right do not do it; if it is not true do not say it. Marcus Aurelius
MelissaP1 (Alabama)
Posts: 13,836
Posted:
A foreclosure stops as soon as you pay what is owed. There is the right of redemption up to a year in some states. Which means one can pay what they owed plus other expenses to get home back. It is also why the people who buy the foreclosure does not jump into fixing up. They have to wait that period of time. Otherwise they are out lots of money.

Former HOA President

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