Also try and contact the city to see if you can find out why it is declared an "unsafe structure" it could be something significant or something relatively minimal.Good luck!

, deferred maintenance, possible retaliation damage, legal fees for foreclosure, more legal fees because he declares BK, changing market conditions, yada yada.

First find out your HOA reporting requirements from the recorded HOA declaration and/or By-Laws.

Benefits Of Using Property Trusts Circumvent Due-On-Sale Clauses (debatable)Helps Avoid Chain Of Title And Seasoning IssuesKeep A Low Profile On Public RecordsEasily Transfer Beneficial Interests (sell your interest)Keep Sales Price SecretSave Title Insurance PremiumsAvoid Litigation (no assets found under your name)Avoid Liens And Judgments Against The Property (Liens will not attach to property in trust, can still sell their beneficial interest without interference)If you are buying a property under a Lease Option or Contract For Deed, this is how you can protect the property from liens and judgments against the seller until the title to the property is transferred to you.Limits Liability For Debts (say the Trustee signs for a mortgage, beneficiary does not personally guarantee the note)Helps Property Management (blame it on the trustee for increased rents or evictions)Avoiding Problems Between Multiple Owners/Beneficiaries (in case of death, divorce, bankruptcy incapacity declared, etc; can be spelled out in the Beneficiary Agreement)Avoid Probate And Estate Taxes (if set up properly)

Letter from board:Notice is hereby given of Reinstatement of Section 19, of article V, of the declaration of covenants, condition and restriction of Webster Place, recorded as King County recorder's number XXXXXXXXX"Section 19, Non-permitting Parking.

One investor lost 32 houses, declared bankruptcy, and became clinically depressed.

The loan is deemed uncollectable and the balance in whole or part will be declared as a loss.

There is nothing that covers my question in the by-laws, declaration of restrictions, or the articles of incorporation.

Once a property is declared a “meth house,” most buyers will flee.

Insurance knows to pay out any claims to mortgagee.EDIT: Of course, a mortgagee clause needs to be in the loan, and then the closing agent has to ensure that the insurance declarations contain the mortgagee.