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Updated almost 6 years ago on . Most recent reply
HOA foreclosure auction
Happy New Year! If a home is going to foreclosure auction for HOA fees and there are no other liens on the property are there other open items that could be of concern?
Most Popular Reply
Yes. The buyer assumes all prior mortgages and judicial judgments. I would recommend calling the foreclosure Trustees to see if they would share lien info. If that fails and you have enough time, engage a title company or real estate lawyer to do a title search. It is important to be forewarned as you don't want to buy and find out you overbid due to prior encumbrances. I have seen it happen many times.