According to The Sun Sentinel on 8/11/10, Home Owner Associations are fighting back more aggressively against foreclosures and are taking units back through a process called “reverse foreclosure”. Basically the association forecloses on the property and during the process petitions the court to assign a certificate of title to the bank. This triggers the payment of past due fees of up to one years worth.
Read more: Reverse Foreclosures – Are the Associations the Victims Here?
