11213
April 4, 2007
Many of you have noticed a new For Sale sign in front of 11213, the former Pfannensteil property. HSBC finalized foreclosure proceedings on the property on February 14. Unfortunately, that means that the HOA has lost about $2600 it is owed through past HOA dues, fines and legal costs associated with trying to recover what we were due.
The better news, is that we will now be able to start collecting HOA dues again. The bad part is we probably won’t be paid anything until the house sells. This will again impact our cash flow this year.
We are working on a solution to see if we will be able to take care of the yard somewhat this year. This will be a stop gap measure at best, as the water has been turned off at the home, so no watering of the lawn can occur. We’ll keep you posted on progress.
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