Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago, 12/29/2017
HOA association fees wiped out?
Hi BP community-
When a condo is foreclosed on by the HOA and then goes to sheriff sale, are those fees wiped clean after the sale? This would pertain to Cleveland, Ohio (Cuyahoga County) in particular. From what I am reading every state has different laws about this. Thanks!
Mario,
Here is a nice summary of Ohio law with links to more information.
https://www.nolo.com/legal-encyclopedia/ohio-hoa-f...
My reading is that yes, if an association (homeowner or condo) forecloses, it's lien is wiped out as well as every other lien below it.
In all cases, consult a lawyer for something like this as it never as simple as an public internet article.
Oren
Originally posted by @Mario Mormile:
Hi BP community-
When a condo is foreclosed on by the HOA and then goes to sheriff sale, are those fees wiped clean after the sale? This would pertain to Cleveland, Ohio (Cuyahoga County) in particular. From what I am reading every state has different laws about this. Thanks!
Your broker would be able to help you answer this question. I see your licensed so use the that resource too
I know in Florida they’re not wiped out by the foreclosure. I know people who have gotten a 12k bill for the HOA fees unpaid by previous owner
@Federico Gutierrez I have had numerous conversations and haven't gotten a straight answer yet. If you have a resource I'm more than happy to contact them. Thanks