Friday, August 6, 2010

Iraq War Vet, Wife Get Back $300K+ Home Lost In Lien Foreclosure Sale Over $977 In Unpaid HOA Dues

In Frisco, Texas, The Dallas Morning News reports:

  • The Frisco soldier and his family who lost their home to foreclosure while he was serving in Iraq will get the house back. Army National Guard Capt. Michael Clauer and his wife, May, lost their $315,000 southwest Frisco home in May 2008 after falling behind on Heritage Lakes Homeowners Association dues.(1)

  • The Clauers sued the association and subsequent buyers in federal court. A court-ordered settlement conference led to an agreement this week that gives the house back to the Clauers. A gag order prevents those involved from sharing details. But the bottom line is that the Clauers once again will own the home in the Heritage Lakes subdivision. [...] The Clauers' attorney couldn't say whether the couple had to pay any money to get back the house, which they owned mortgage-free.

For more, see Frisco soldier who lost home to foreclosure while in Iraq gets it back.

(1) Reportedly, the Heritage Lakes Homeowners Association was initially owed $977.55 in dues on the house. The association sent multiple notices by certified mail, demanding payment. All went unanswered. The two-story brick home was auction off for $3,201, and subsequently resold for $135,000.

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