The Great Foreclosure Debate: Part II--Readers Respond

Here are two of the letters we received in response to “The Great Foreclosure Debate: Should Community Associations use Alternatives to Foreclosure to Protect Their Cash Flow?” posted below. They represent two sides of this very controversial issue. The first is a spirited response from Mr. George Staropoli, a community association activist in Arizona who writes a blog and newsletter devoted to the question of the constitutionality of community associations. The second is from Ms. Nancy Sterling, a real estate professional, about a 34 unit condominium complex where nearly half of the units have been through bank foreclosure in the past two years. They help to understand why the foreclosure debate has generated so much energy and provide contrast between the theoretical and the practical...

To read the letters and our comments, please click on the title link above...