The story has to be hog wash, congress long ago made this type of stuff illegal. Anyway in most states, the debtor has a year to pay off the debt and reclaim his property, called right of redemption.
Hero Defender of Our Nation at the end of the earth returns home to find the local coward parasites stole his home on a technicality.
All nice and “legal.”
btt
I don’t use profane language, but DAMN!!!~
Soldier in Iraq Loses Home Over $800 Debt
06/02/2010 8:04:52 PM PDT · by RDTF · 36 replies · 849+ views
Mother Jones ^ | May 28, 2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Michael went on active duty in...
Soldier in Iraq Loses Home Over $800 Debt
06/01/2010 9:07:42 PM PDT · by Dr. Marten · 150 replies · 1,785+ views
Mother Jones ^ | 05.28.2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy.
Soldier in Iraq Loses Home over $800 Debt
05/28/2010 10:30:41 AM PDT · by Chunga85 · 49 replies · 1,293+ views
Mother Jones ^ | 5/28/2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front.
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The right of redemption is the right of a property owner to redeem his or her real estate from foreclosure by paying the lender the outstanding principal and interest due, plus the lender's costs in foreclosure, or to redeem foreclosed real property from whoever purchased it at the foreclosure sale. The specifics, such as how long the owner has after the property goes to auction, exactly what has to be paid, and even what the process is called, will vary by state.
There are two key reasons why a foreclosure investor needs to be familiar with the right of redemption. One is that you need to know when you buy a property at auction whether or not the owner can get the property back if he somehow comes up with sufficient funds (typically the outstanding balance, accrued interest, late fees and costs). The second is that you may be able to buy the redemption rights whether or not you actually buy the property.
FRom:http://ezinearticles.com/?Foreclosure-Investing---Understand-the-Right-of-Redemption&id=716382
This poor guy lost his home at least seven times this week.
I am kidding with you, but this has been posted many times.
That’s why, in Texas, some people just need killing...
Period.
I will not live anywhere with an HOA, ever. Crappy story, but HOAs are the Fourth Reich.
The house was GIVEN to her by her parents, and she never opened mail while he was away!
His wife, Mae Clauer, was under stress, too. She was alone and taking care of her family in a $300,000 home her parents had given her as a gift.
The mail piled up unopened and Mrs. Clauer missed $800 in payments to her HOA. Then she missed the letters saying the association planned to foreclose.
“I ignored a lot of our bills,” she said.
Even after the HOA foreclosed and sold the home at auction, Mrs. Clauer didn’t open the letters that said she had six months to get the home back, and that time lapsed, too.
http://www.wfaa.com/news/local/Frisco-soldier-comes-home-to-find-home-sold-by-HOA-93829194.html
There are a bevy of laws that are supposed to protect servicemembers from losing their homes or jobs while they’re on active duty, including the Servicemembers Civil Relief Act (SCRA). The homeowners’ association’s lawyer filed an affidavit wrongly claiming that neither of the Clauers was on active duty, says Barbara Hale, the couple’s lawyer. Hale is seeking to have the court reverse the foreclosure and declare it “null and void,” she says.
It’s not crazy and it’s not corrupt..it was the end of a bad situation where the wife became depressed and stopped paying her bills. The HOA did everything and more that they had to do and she was notified many times about the foreclosure. Is it right? It matters what side you’re on...but it isn’t a CORRUPT situation, it’s just an unfortunate and sad one and hopefully it will be made right. I have a feeling with all the publicity, they’ll get their house back. But it was her fault.