The Next Foreclosure Fight – CNBC.com

A short clip on the ever-expanding number of community associations that are choosing to foreclose on unit owners in debt:

The Next Foreclosure Fight – CNBC.com.

Like most of these clips, it fails to cover the subject very thoroughly.  The foreclosing association’s attorney implies there are no options other than foreclosures for associations facing debt; CAI‘s CEO Tom Skiba is a participant and defends the need for non-judicials as a “tool in the toolbox;” the attorney guest asserts that HOAs are not community associations, but rather corporations, that create assessments for the benefit of their vendors.  (Principally attorneys and vendors.)

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