The last time I was out in CA, my parents told me about someone down the street who was doing exactly. She's been in the place for years.I'm working on a short sale where the owner hasn't made a payment since about a year after he purchased the condo in 2006. He's never paid a single month of HOA dues and the supplemental property tax bill went into default.He put 20% down, which equity he lost in the CA housing bust, so I guess he figures he's getting his down payment back through free housing. He's still living there.
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