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Sucks to be them because rates have gone up but

Posted on: January 9, 2024 at 08:09:09 CT

lqf2b8 MU

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74274

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15.59 yrs

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M.O.B. Votes:

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Refinance the balloon payment into a new loan like every corporation does.

Structure it in a manner suitable for a HOA... ie normal term loan spread out over x number of years.

Got to take your medicine though because you assumed the debt even if it was unknowingly. Or just try to default and see if the bank can force the homeowners to pay. Would be interesting. I imagine the bank would probably try to go after the contractor. Maybe there was a covenant in the loan preventing transfer.

Get a lawyer. But make sure it is a normal sized human lawyer

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REPLY

MESSAGE THREAD

grain valley pool HOA mess - SEC-BIG-GAMEHUNTER MU - 1/8 22:26:13

I've never been part of an HOA neighborhood. - Nebraska99 STL - 1/9 09:49:06

we pay $550/yr for pool + trash service - Joeboo MU

- 1/9 10:53:26

Our new neighborhood is $340/year - Dallastiger MU - 1/9 10:25:26

yeah, in raytown, we can do whatever the **** we want. - CulturedDan MU

- 1/9 09:56:13

$25 to $1000 depending on what they provide - colonel angus beef KC - 1/9 09:54:41

Sucks to be them because rates have gone up but - lqf2b8 MU - 1/9 08:09:09

Did they actually assume it though? - colonel angus beef KC - 1/9 08:55:51

I would think that it would be guaranteed by the - tigerdb MU - 1/9 10:30:02

then you just write it off(nm) - CulturedDan MU

- 1/9 09:37:08

Good place here for an Akshully reponse... - colonel angus beef KC - 1/9 09:43:56

the trap has been laid. - CulturedDan MU

- 1/9 09:55:39

that's it. I'm starting a pool repo service - Joeboo MU

- 1/9 09:02:40

your mom assumes debt(nm) - cnk ATL - 1/9 09:01:35

your sister says f*ck it and not pays. - colonel angus beef KC - 1/9 09:09:15

your grandma pulled out the dentures and paid - SabertoothTiger MU - 1/9 09:11:28

dangertimes mom has taken an Olympic size swimming pool - lqf2b8 MU - 1/9 09:15:23

gunna need some autistic math to come up with a body - CulturedDan MU

- 1/9 09:38:06

Peter North’s got this!!!(nm) - Carlos Rossi KC - 1/9 09:44:21

lol(nm) - cnk ATL - 1/9 09:10:08

RE: Sucks to be them because rates have gone up but - cnk ATL - 1/9 08:31:13

Just don’t hire Gyro as your lawyer or you’ll find yourself - Carlos Rossi KC - 1/9 08:21:20

Fat chicks = mothers of 5 in their late 40's = your wife... - Gyro MU

- 1/9 08:41:05

Also, are there hot chicks at the pool. - Newcatbirdseat MU - 1/9 08:16:43

Mrs. Rossi is a regular... - Gyro MU

- 1/9 08:44:20

very important detail and I'm ashamed I failed to - lqf2b8 MU - 1/9 08:21:59

We get private road assessments of $3K every so often - TigerFan92 STL - 1/9 07:44:41

If you're on the hook for inspecting and rebuilding units, - tgr MU

- 1/9 08:28:37

self-managed homeowners/condo associations are a mixed bag - Joeboo MU

- 1/9 08:15:35

this. Its at all levels. No vision for the future - SabertoothTiger MU - 1/9 08:30:50

although it also has its own problems, I think associations - Joeboo MU

- 1/9 08:33:03

Management companies come with their own issues - cooter MU

- 1/9 10:55:48

Having been a member of one - meatiger MU - 1/9 08:51:00

We got kinda lucky on the roofs within our HOA - meatiger MU - 1/9 07:53:29

brace yourself - Joeboo MU

- 1/9 08:18:33

They have already raised our HOA fees - meatiger MU - 1/9 08:37:06

Definitely bad business - 615Tiger STL - 1/8 23:52:01

"Thorne says those HOAs have told him they have no interest - XRob MU

- 1/8 22:35:30

Yeah, those HOAs are likely still controlled by the - tigerdb MU - 1/9 07:15:07

yeah they didn't need to add that part - SEC-BIG-GAMEHUNTER MU - 1/8 22:37:33

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