Last September, a court ruling gave HOA’s the authority to foreclose on homes for late dues and completely bypass the mortgage lien on the property. Although this calls for celebration for HOA’s as they believe the system is finally working as it should, real estate agent’s have a different take on the matter. Some believe that this new rule could lead banks to boycott financing loans due to the fact that they could be bypassed and foreclosed. Is it fair for a late fee of a couple thousand dollars to wipe out a morgage of hundred’s of thousands? That is the question many real estate agents are beginning to ask themselves. It is a two sided debate, which you can read more about here: