It has been my practice to advise clients to remain current on their Homeowners Association dues (HOA) even though they are behind or in foreclosure on their first mortgage. Today, an article appeared in the St. Pete Times describing a local company Prop. Inc. and its purchase of 71 properties in Hillborough County, Florida in the past eight months. The company appears to be run by several ex-cons although what they are doing is perfectly legal.
Homeowners Associations have become much more aggressive in the past few months. We have seen HOAs file motions to intervene in some of our pending foreclosure defense cases in the Tampa Bay area and then move to set the action for trial even when the homeowner and the bank do not want to go to trial. Perhaps a trial modification or forbearance agreement is even in place. Attorney