The top reasons foreclosures in your HOA are delayed

06/5/2012 | Sun-Sentinel (Fort Lauderdale, Fla.)

The volume of foreclosure cases has delayed bank takeovers in many community associations, but that's just one factor impeding the process, Donna DiMaggio Berger writes. If a delinquent owner signs up for a payment plan or if they file for bankruptcy, the foreclosure process can be delayed for months or even years. Also, more borrowers are securing mortgage defense attorneys to keep their homes, particularly in states known for being lender-friendly.

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Sun-Sentinel (Fort Lauderdale, Fla.)

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