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Forums > Homeowner Association > HOA Discussions
Subject: IN FORECLOSURE BUT NOT IN HOA DUES(Il)
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Author Messages
ReneeD
(Illinois)

Posts:189
08/23/2010 3:12 PM  
Is this just a trend in Illinois or all over the country?

I just learned one of our homeowners (current in hoa dues) just got assessed a 'Monitoring Fee' because the lawyer alledgedly received a notice of mortgage foreclosure. Sounds fishy to me!


Bad enough with this economy!
Bad enough that PM is assessing homeowners 1st notice and 2nd notice "administrative fees" of $35 and $50. They just started doing that late spring of last year; coincidently Il passed legislation saying homeowners cannot be charged more than $25 or 10% of amount owing whichever is greater.

I'm just trying to figure out where and what contracts lawyers are going on to do this? -Renee
BonnieE
(Illinois)

Posts:331
08/23/2010 4:52 PM  
Hi Renee,

I have not heard of a monitoring fee as you describe. Does your HOA have a contract with the attorney? If so, check it for fees. If not, I would question the attorney the basis for charging fees to the HOs for a "service" not contracted for.

I'll be interested in other replies on this, too.
Bonnie

SusanW1
(Michigan)

Posts:5035
08/24/2010 6:21 AM  
Lawyers don't work for free and if his/her office is pouring thru the list of forclosures to see if any HOA properties turn up, then there will be a charge for this service.

I wonder why the HOA is concerned with foreclosures if the homeowner's HOA fees are up to date.

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Forums > Homeowner Association > HOA Discussions > IN FORECLOSURE BUT NOT IN HOA DUES(Il)


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