Reverse Foreclosures

This was very interesting.  A reverse foreclosure apparently is where you speed up the process of the foreclosure.  Now, why would anyone want to do that?  It can allow an association to get paid their past association dues much faster. 

“The Association Law Group of Miami won the case on behalf of the Keys Gate HOA using what it calls a reverse foreclosure, designed to speed up the process of awarding a property to a bank, thus making the bank liable for fees and maintenance, even if the property is vacant.”

http://southflorida.bizjournals.com/southflorida/stories/2010/01/25/daily10.html