How would foreclosing make the housing crisis worse? Wouldn't another family purchase the home thus creating a net zero?
It often takes years between "HOA puts lien on house" and "house is foreclosed and sold", and during that time the house is in limbo, the owner can't sell it and buyers can't buy it.
Between the foreclosure and sale, who is paying to bring the property up to HOA code?
It often takes years between "HOA puts lien on house" and "house is foreclosed and sold", and during that time the house is in limbo, the owner can't sell it and buyers can't buy it.