Condo-HOA Blog - Foreclosure
Legislative Update
There is a lot of prospective legislation (both locally and nationally) affecting homeowner associations and individual homeowners. This heightened level of legislative activity in this area appears to have increased probably in part as fallout from the economic crisis. read more
Mortgage Modification Bill Stalls in the Senate
Status of H.R. 1106: "Helping Families Save their Home Act of 2009" is uncertain. The law would give bankruptcy judges the ability to 'cram down' the principal balance and monthly payments, wiping out tens or even hundreds of thousands of dollars of money owed in an effort to keep more people in their homes and to stabilize the housing market. read more
Legislative Alert: Contact Your Congressperson Today!
Contact your Congressperson today to let them know you oppose H.R. 1106 as currently written, as it will have several unintended adverse consequences upon homeowner associations. read more