How lenders cheat owners out of their houses
Channel: JUDICIAL JIU-JITSU
Date: 2020-11-24

If you are in an HOA and get a mortgage, the standard contract term called  "The PUD Rider: F. Remedies" allows a lender to pay delinquent HOA assessments and add the amount paid plus interest to the borrower's debt. Corrupt lenders, however, ignore this consumer protection in order to screw homeowners out of their property without foreclosing.