Foreclosure. If that word sends chills up your spine, you are not alone. But far too many communities use it as a last resort.
Equity Experts proposes foreclosure when it is the best fiduciary option based on analytics that help us predict a quick resolution. When the right circumstances are present, we can say with near-certainty that an owner will settle their account during the foreclosure process. In contrast, when foreclosure is appropriate but not used, these same accounts could end up in a perpetual state of delinquency with multiple lawsuits or small claims judgments that are difficult to enforce.
When used properly, foreclosure offers measurable advantages:
90%
of accounts are settled
prior to sale
63%
more effective than a lawsuit
Equity Experts has the technology to identify the best way to resolve each account. In our latest video, we address when foreclosure might be the best fiduciary solution for a community.
If you still have questions about foreclosure, visit our FAQ about HOA Foreclosures, or contact us directly with any additional questions. Subscribe to our Youtube page for regular updates on information and services Equity Experts offers.