Posted on Feb 15, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek and I am your short sale specialist in the Roseville and Sacramento area, thanks for checking out my blog today. I work with Keller Williams Realty in the Roseville and Sacramento area and use my blog to provide homeowners with valuable information on their options for avoiding foreclosure. If you have questions about how a short sale works, or foreclosure is right around the corner, please give me a call to discuss your options.

For my blog topic today I wanted to discuss those nasty homeowner association dues and how they can effect your short sale. Any HOA dues that are left unpaid may cause a lien to be placed on your property. From my experience I have found that getting these HOA liens removed can be a difficult task. These HOA groups are generally made up of people from around your community and they may not be business people. For example, an HOA I dealt with recently was willing to let a homeowner enter in to foreclosure instead of accept a settlement for half the total amount owed. From a business stand point cutting your loses and recouping some of the money stands to benefit everyone in the end. I negotiate with large banks for clients often and even they are willing to accept much smaller settlements in most cases. If there is an HOA lien on your property it may slow down your short sale but certainly will not derail it.

If possible, it is in your best interest to stay current on your HOA property during the short sale process. If you are behind on your HOA dues and considering a short sale give me a call to discuss your options. I am Mark Peek, your Roseville and Sacramento short sale specialist, thank you for your time and have a great day.

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