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Visit www.North-ScottsdaleRealEstate.com for more information. Some people that own North Scottsdale real estate, or any home in the metro-Phoenix area, are struggling to make their mortgage payments. As they negotiate with their lender(s) to obtain a loan modification or short sale they sometimes stop making their payments to them. With that they also stop making their HOA payments. Even if they work out a deal with their lender(s) they could still lose their home. CNBC posted an article toady talking about a new wave of foreclosures. These foreclosures aren’t coming from the mortgage companies; rather they are from the Homeowners Associations (HOA). Arizona is one of 34 states that allow for judicial foreclosures by HOAs. They have the right to do so through the Arizona Planned Community Act and Condominium Act. This video explains how your HOA could sell your property from under you and what you can do about it. We are not attorneys. We advise you to consult with an Attorney before making any decision. What is your opinion of Homeowners Associations and their rights to foreclose on your property? Leave a comment below and let us know or email us at MyOpinion@ThePrecisionTeam.com