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Updated over 2 years ago on . Most recent reply
Will mortgage lien surviving foreclosure negotiate?
I bought a property at an hoa foreclosure and a mortgage lien survives and is itself in foreclosure. Are they likely to negotiate or will I have to pay the balance? I can't get the mortgage company to talk to me at all since I'm not on the mortgage, but I arm in contact with the foreclosing attorney who want to send me a payoff statement for the whole amount I'm sure.
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
@Steve Morris No, he bought the actual property....it's just that he has a mortgage superior to the HOA debt which remains attached to the property.