No. of Recommendations: 1
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.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.