Double Value?

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Original Message:

Re: Double Value? (by Morey A. P.):

KATEW65 You are dealing with two different legal entites. Developer and his finance company who hold mortgage and HOA.

If you do not pay mortgage then lien holder can foreclose!

If you do not pay MF then HOA can lien and sieze! HOA has no responsibility for lies Developer sales people told you! Generally Developer subsidizes MF during say 2 year sales period to faciltate sales, but after 4 years is really hurting!

Yes, until so many units are sold Developer controls HOA, but really not revelant!

Developers are infamous for promising fantastic amenties and disappearing.

Failure to pay will result in ding on your credit record.

The olde rock and hard place!