General Discussion
In reply to the discussion: Nazi Dictatorship...I mean Homeowners Association bans veteran from making furniture... [View all]MohRokTah
(15,429 posts)They no longer exist here because they were historically used to discriminate.
The only thing HOAs have now that is controversial is the right to first payment on foreclosure. IF a bank forecloses, they assume all debt the homeowners had to the HOA. It's controversial because the banks don't like it.
I'm on the Board of my HOA and we have evicted a bank and changed the locks on the home in order to rent the home to receive back payment. The bank refused to settle th back dues and attorney fees. Apparently, their attorneys did not understand how the law worked in Illinois.
I must say, it was very satisfying to evict a bank and take over the home in order to rent it for what was owed. We got the home caught up in a year and the bank sold the home at auction. The new owners only assumed three months of back dues when they took over.