Sell My House Fast Oakland!
HOA FORECLOSURE IN OAKLAND CA? INHERITED HOUSE IN OAKLAND CA? PROBATE HOUSE IN OAKLAND CA? NEED TO SELL FAST?
If you need to sell your Oakland house FAST for ANY reason please click here now for a fast offer! Sell my house fast Oakland!
At Sell My House Fast Oakland We buy houses in Oakland and we buy them fast. Almost monthly we buy homes from people that have inherited a House in Oakland. People that have an Oakland home in Probate. People that are facing some sort of foreclosure in Oakland and ALL TYPES OF PEOPLE AND SITUATIONS WHERE PEOPLE NEED TO SELL FAST. Even people facing Oakland HOA Foreclosure.
Recently we bought a home from a seller facing HOA Foreclosure in El Cerrito, CA a suburb just north of Oakland. We buy a lot of Oakland houses in those areas like El Cerrito, Albany, and Richmond, CA. So we decided to write an article detailing HOA Foreclosure for your information. If you typed in ” Sell My House Fast Oakland” you’ve come to the right place as long as you would like to sell a home anywhere in the Bay Area. From San Jose up to Tiburon!
Can an HOA actually Foreclose on my House in Oakland CA?
Read the story below to learn about an Oakland HOA foreclosure and how it can affect you! And what you can do to STOP HOA Foreclosure in Oakland, CA today.
In 2009, William had fallen behind on payments to her Home Owners Association (HOA) assessments for her Oakland, CA home. The house was really in El Cerrito. We do buy El Cerrito houses fast as well as Oakland houses. We buy houses fast all over the Oakland Area from San Jose to Tiburon to Antioch! Again if you are thinking to sell my house fast Oakland you are in the right place!
William owed $1900.50 to the HOA at his El Cerrito House to the homeowners association (HOA). This house was worth about $600,000 and he had it fully paid off! William was an older gentleman. He was living on government assistance and without his knowledge, the HOA put a lien on his property and then now was attempting to sell the house.
How could this have happened, you may ask? The annual HOA due on her property was $300.00 and because he had 6 years arrears in late payments, the HOA initiated legal proceedings against him.
Attempts to serve papers for her were conducted late in the day when he must have been watching TV or at his daughters home in Oakland. Being that he lived alone, William never really never opened the door for random people that knocked. He didn’t like to be bothered any how.
Luckily William a cash home buyer who bought his house in a few weeks and he was able to fend off the HOA and avoid foreclosure in Oakland.
These practices have become common place around communities under HOA. Many home owners who were not aware or have fallen to bad times and couldn’t keep up with bills payments have had their homes foreclosed and sold. Just like this lady in Tomball, TX that was foreclosed in 2016.
We buy Oakland houses and we are in the business of exchanging our cash for Oakland houses. For those facing HOA foreclosure in Oakland. Or any other need to sell my house fast Oakland, we can make an instant cash offer for your home before it is foreclosed by the HOA or your bank.
Most HOA foreclosures in Oakland, CA are carried out without the full knowledge of the home owners as letters of notices are usually sent in the mail and some people didn’t get to see it. This is in part is due to the habit of not going through their mail regularly…a habit I have and you probably due to with the amount of junk mail we get these days.
This HOA foreclosure has hurt a lot of people, so it is important you understand who the Home owners associations are, what they stand for and how they operate.
I will be educating you on things you need to know if you own a house in a community managed by HOA in Oakland, CA.
How HOA Liens and Foreclosures Work. Sell My House Fast Oakland CA!
As found on nolo.com legal encyclopedia “If you live in a home that is part of a common interest development in California, most likely you are required to pay monthly dues and assessments to a homeowners’ association (HOA). Nearly all HOAs have the ability to place a lien on your property if you fall behind in paying these monthly dues and special assessments (collectively called “assessments”). Once the HOA has a lien on the home, it can foreclose the lien (subject to any state limitations). ”
In California, the HOA cannot start a foreclosure until the delinquent assessments equals or exceeds $1,800 (not including any accelerated assessments, late charges, fees and costs of collection, attorney’s fees, or interest) or the assessments secured by the lien are more than 12 months delinquent
The HOA may then foreclose its lien nonjudicially or judicially. The majority of HOA foreclosures in California are nonjudicial, which means the foreclosure takes place without court supervision. (Learn more about HOA foreclosures in California.)”
What is an HOA? How did it develop?
What we see now as the contemporary homeowners association (HOA) developed in the 1960s under the guidance of the Federal Housing Authority (FHA). The FHA promoted the HOA as a way of providing affordable homes to large numbers of people and they issued and promoted guidelines and standards which required planned developments to have a non-profit homeowner association with mandatory membership in order to obtain FHA insurance.
Included in the contract of sale, were covenants heavily promoted by the FHA that places a lien for HOA assessments on property owners which can lead to the possibility of a foreclosure in the event of default of payment of statutory dues or outright non-payment of the HOA assessed fees. The FHA assisted the HOA to draw up the covenants and helped them promote it.
HOA’s pretty much gave builders control of their subdivisions for a while until all homes were sold.
In the 1960s, there were fewer than 500 homeowner associations, but today that number has risen sporadically, in fact, there is very little new development in Houston now that is not under an HOA and members are compelled to join and must be up to date with all financial obligations.
The Rules and Regulations specify in great detail the dos and don’ts of behavior in the community. The governing boards can change or add to these “quality-of-life” rules and can impose fines for violations. Homeowners pay regular dues as well as “special assessments” and, in return, the HOA is required to maintain the common grounds.
We buy Oakland houses and we are in the business of exchanging our cash for Oakland houses. For those facing HOA foreclosure in Oakland, we can make an instant cash offer for your home before it is foreclosed by the HOA or your bank.
HOA FORECLOSURE Oakland
Since the 1980s, California and particularly the Bay Area and its immediate environment have had HOA foreclosures. This is in part to the rapid rise in population of the area. This population growth has led to large scale home building and nearly all of these homes are in subdivisions with homeowner associations.
Many families in Houston have woken one morning and found out that their homes have been foreclosed. This experience is usually very traumatic and destabilizing. We offer cash for Oakland houses fast if you need to sell before HOA foreclosure in Oakland. Or need to sell your house fast in Oakland or anywhere in the Bay Area for any reason. When in doubt about the status of your property, we advise that you consult the HOA office or a lawyer QUICKLY! Before you are forced to sell.
IF YOU GET AN HOA LETTER IN THE MAIL OPEN IT! WE ARE HERE TO PAY CASH FOR OAKLAND HOUSES. BUT WE WOULD PREFER YOU KEEP YOUR HOUSE IF YOU STILL WANT TO LIVE IN IT AND THAT YOU DO NOT GET FORECLOSED BY THE HOA. SO MAKE SURE TO OPEN ALL HOA MAIL AND PAY HOA FEES ACCORDINGLY! WE ARE ONLY HERE AS A LAST RESORT!
For a long time now we have been offering home owners cash for Oakland houses, under HOA foreclosure an opportunity to cash out before the HOA forecloses.
Because most homes sold under HOA foreclosure Auction are sold for far less than the market value, we provide an alternative that ensures that you don’t lose out fully on your home.
So we advise that if for any reason you suspect the HOA is on your case, and they are looking to foreclose, that you contact us quickly for cash for your Oakland house.
The HOA may not take the time to fully notify you though, they are supposed to but because they have the power to effect both a judicial and a non-judicial foreclosure, it is unlikely that you would be able to fully escape their grips if you don’t cash out on your home before the foreclosure.
We buy Oakland houses under HOA foreclosure Oakland and we advise home owners looking to get cash for Oakland houses and those who want to sell my house fast Oakland.
Our offers are prompt and reliable. We have been serving Oakland and the Bay area for several years now and we have been able to help lots of families stop HOA foreclosure Oakland.
We have brought home from people looking to get cash for Oakland Houses and those who want to sell my Oakland house fast or those who come to us asking to help sell my house fast Oakland.
I have had people call in to inquire from me what to do about the HOA foreclosure for their subdivision in the Bay area. I have often inquired what must have led to the HOA seeking to foreclose on their homes and the majority answer I have gotten is that they are either unaware of the HOA infractions or that they have fallen on hard times. So YOU ARE NOT ALONE!
I always first advise that they seek legal advice on the best possible option but that they also leave open the option of selling their homes. Many have called asking for a cash offer for Houston Houses. This is to ensure that they do not lose out completely should the HOA finally foreclose.
I have seen instances where people have bought houses not realizing that they were under foreclosure and needed to figure this out right after buying a house! It is important to read carefully all documents at the point of transferring deeds and when in doubt please seek expert advice from your attorney.
Meanwhile, it is a wise choice to also contact buyers who specialize in purchasing HOA foreclosure Houston and pay cash for Houston houses. That way, you are ready to cash out in case times become unfavorable.
We buy Oakland houses and we are in the business of exchanging cash for Houston houses. We are always available to make a cash offer “as is” for your house. For those facing HOA foreclosure in Oakland, we can make an instant cash offer for your home before it is foreclosed by the HOA. Or contact us if you need to sell fast for ANY reason.
I have seen families who have lost their homes to HOA Foreclosure Oakland because they owed assessed fees of as little as $1950. If you fall under this category my candid advice is that you sell and get Thousands in your pocket instead of $0.
We have been in the business of helping families secure their investments in their homes by offering “as is” cash offers for home owners looking to sell my house fast Oakland or those looking to get cash for Oakland houses.
Let’s Explain JUDICIAL AND NON-JUDICIAL FORECLOSURE
The HOA has been greatly empowered by the FHA and they can wield that power either through a judicial process or a non-judicial process. So it very important that you are very careful with your HOA fees. Always make sure that they are paid on time and should you have any fine, make sure to clear that up on time too.
Your HOA can absolutely foreclose on your home for payment defaults the same way the bank can foreclose on you for a delinquent mortgage or the city can foreclose on you for back taxes! It is important that you are aware of your HOA status and ensure you are always in compliance with the rules and regulations of your HOA.
We understand the trauma that comes with losing one’s home. We know that it is often one of the most devastating events that can occur in a person or family’s life. We understand that the times are hard and a lot of people are finding it hard to remain at decent paying jobs, we understand that some people are having to deal with illness, medical emergencies, family tragedy or physiological traumas.
We know these things can be responsible for late payments or the non-payment of the HOA fees but it is important that you familiarize yourself with the foreclosure process in Houston, TX.
If it happens to be that an HOA tries to Foreclose on your property make sure you know your rights and have options set up to sell the home if you need to.
There are two types of HOA foreclosures, the type that may be applied to you is dependent on the covenants on your sale documents.
Judicial vs. Non-judicial HOA Foreclosure
Judicial Foreclosure is for covenants that do not include the power of sale for the HOA. In foreclosures of these nature, the HOA has no choice but to seek redress through the courts. These sort of foreclosures can only happen through a court process.
Because the power of sale was not included in your title sale documents, the HOA is handicapped and cannot affect foreclosure until the courts give an ok. Most older HOAs are most likely to have the power of sale provision absent from their sale documents.
However, the power of sale provision is almost always included in newer HOA’s. This confers on the HOA the right to foreclose non-judicially (without court intervention and without having to file a lawsuit) in the case of any infraction or default. This is where most HOA foreclosure Oakland have occurred.
There are procedures to a non-judicial foreclosure and it is of utmost importance that you pay close attention to your sale documents and to ensure that all fees due are paid as at and when due.
The following procedure pertains to a non-judicial foreclosure and it is of utmost importance to pay your HOA dues to avoid HOA foreclosure Oakland Ca. In California, all HOA documents I have seen allow the HOA Foreclosure Houston without going to court.
The procedures involved in a non-judicial foreclosure includes a series of notices over time informing you of the HOA’S intention to foreclose. There are two notices and I will explain them below.
20- Day Notice
In Oakland, CA the HOA must send across to you an invoice that lists the due and owing amount at least 20 days prior to posting any Notice of Sale. This notice not only states the amount that you owe but also should provide you an opportunity to “cure” or pay off the amount due.
This can come in the form of letters in the mail asking for payment or posted a notice. Sometimes they may include pictures of your overgrown lawn or wrong color door, etc. They need to give you this before they start HOA Foreclosure.
If you get this letter, act immediately and pay off the HOA fees. You don’t want to lose your home to an HOA Foreclosure Oakland. If you can’t pay the HOA fees or if they have gotten too big, get in touch with us to make an offer for your Oakland home.
It is better you seek to get cash for my Oakland home before it is too late or you can get foreclosed and get nothing for your house.
Most of my clients who have made the right choice are grateful for the advice and my quick action. If you want to sell my house fast Oakland or you want cash for my Oakland house we are the best property buyers to speak with.
21- Day Notice of Sale
If for any reason you do not pay off the amount on the letter you got in the mail or email with HOA fees and or fines for infractions, the HOA must give you a Notice of Sale at least 21 days before the sale of the home.
After that, the home can be listed for sale. You should be proactive, if you know you can’t make the payments, you should quickly get in touch with us or search the internet for sell my Oakland house fast or cash for my Oakland home to find a list of property buyers in the Bay Area.
If the final 21 days expires, the HOA will list your house for sale and they usually would list it at a lesser amount than fair market value so that they can sell quickly and get their money.
What the home sells for will determine if you may still owe the HOA more money or put a few dollars in your pocket. It is always a smart choice to sell my house fast Oakland during this grace period if you know that you won’t be able to make payments for the fees and it’s associated fines and interest.
The HOA must send you and any lien holders a redemption notice within 30 days after the sale date. This notice will state your current rights and report the results of the sale. Usually, this is sent via certified mail and it is simply a notice that gives you the opportunity to buy back your property if you have the finance to do so within 90 day period.
Again from Nolo.com Legal Encyclopedia
California law provides a 90-day right of redemption after the foreclosure sale if the HOA forecloses nonjudicially (Cal. Civ. Code § 5715, Cal. Code of Civil Proc. §729.035).
Keep in mind that this law applies to HOA foreclosures for nonpayment of assessments only. If a nonjudicial foreclosure occurs because of your default on a deed of trust, you don’t get a right to redeem. (Learn more about the difference between mortgages and deeds of trust and foreclosure proceedings in California.)
If the HOA elects to foreclose is judicially (which means the foreclosure goes through the state court system), the redemption period is:
- 90 days (if the proceeds from the foreclosure sale are sufficient to pay off the debt), or
- one year (if the proceeds from the foreclosure sale fall short of the delinquency) (Cal. Code Civ. Proc. §729.030(a) and (b)).
Cost to Redeem
In most states, including California, the homeowner generally must pay the following amounts to redeem the property:
- all past-due assessments
- attorneys’ fees and costs, and
- the costs of any repairs (in some cases). (Learn more in Nolo’s article The Right of Redemption Following an HOA Foreclosure.)”
For a lot of people who have fallen short in payments, this is just a formality as they won’t be able to meet up with the deadline and the associated fees that must have been accumulated. In the case of a redemption notice, the home owner would have to pay the fees owed, the interest accrued, the legal fees and then still deal with the persons who must have purchased their house at rock bottom price but is looking to make a profit from them. This is more or less of a loss situation for the home owner.
This is why I always advice that if you have the HOA on your trail and you know full well that you can’t come up with the fees or fines in their notice sent to you, I will advice that you sell and cash out on time before they foreclose. There are a lot or property buyers like us that are looking to pay cash for your home and at market value. That way you are sure that you do not lose out on your home as well as losing out on the possible income that you would have gotten from the sale.
When looking for a property buyer of repute to sell my house fast Oakland or you are looking to get cash for my Oakland house , we are the best people in the business to reach out to. Call the numbers or send a message and we would call you back.
There are a few questions many home owners in Oakland, Ca have asked in the cause of my years of dealing with clients. My advice has always been to check with your home owners association to know your status and if there is any crisis, consult your attorney. If the issues relates to late payments and for any reason, you can’t make up the payment. …. I suggest you make plans to sell and cash out before the HOA foreclosure.
The questions I have received are highlighted below;
Q: Can I be foreclosed on my Oakland, CA House by My Homeowner’s Association (HOA)?
A: Yes your Oakland, CA House can be foreclosed by your HOA.
Q: Does my HOA have the right to do an HOA Foreclosure on my house?
A: YES! They do and they can exercise that right should you default on payments. A Homeowner’s Association (HOA) can foreclose on your house! And they can Foreclose and have Foreclosed on California houses with just a few thousands or less of HOA fee’s past due! Be aware on an HOA Foreclosure!
Q: What if I just owe fines but I pay all my dues?
A: A Homeowner’s Association (HOA) can foreclose on your house!
Q: Can HOA foreclosure happen over small amounts of unpaid HOA dues or Fines?
A: YES! One family even lost their home because of a $1900 HOA arrearage!
We buy Oakland houses and pay cash for my Oakland home to smart home owners who have chosen to avoid HOA foreclosure Oakland.
We buy Oakland houses and we are in the business of making offers of cash for my Oakland house. Should you require our service or advice do not hesitate to call or text the number below. Are you looking to sell my Oakland house fast or to get offers of cash for my Oakland home, we are always available to make a cash offer “as is” for your house. For those facing HOA foreclosure in Oakland, we can make an instant cash offer for your home before it is foreclosed by the HOA.
You should always consult with an attorney to thoroughly review your rights and options as specific cases may vary. This is just my opinion due to my experience and not to be used as Legal Advice. But know that it is in your hands to stop HOA foreclosure and that selling to us fast at SellMyHouseFastOakland.com is an option! Names in the story and some details have been changed to protect identity of individuals.
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