Original Message:
Is it ethical for a Hyatt High Sierra Lodge HOA board member to profit from a foreclosure? (by Lance C.):
suanned wrote:I think owners should be allowed to post units for sale by owner before they go into foreclosure.
A unit only goes into foreclosure if the owner does not pay his maintenance fees. And if an owner wants to sell his or her unit, then that unit must first have all the maintenance fees, special assessments, and mortgages paid up.
So if he or she is all paid up on everything, then there is no reason for foreclosure and that owner is allowed to sell it as s/he sees fit.