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Updated over 9 years ago on . Most recent reply

Short (long) sale!!
We are working on a short sale investment. It's been 1 1/2 years!! Seriously!! We just got the sign off from the first and the second!!! Which is like a miracle!! Taxes are all up to date but now the hoa has added a huge amount to the hoa bill due. Only $6000 are actual hoa fees but they took it to a lawyer added late charges AND just the other day did a hoa (not sure if it is a judiciary or non-judiciary) foreclosure and entered it and "turned" the unit (which consisted of carpet cleaning and some blinds!) and put it up for rent. Well the added on fees are now close to $20,000. I had "thought" once they did a hoa foreclosure they could no longer collect on the back dues... Anyone have any insight on this or dealt with anything like this and have a suggestion on how to handle this hoa. And finally buy this unit!! ☺️