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Updated about 3 years ago on . Most recent reply

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Manish SH
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HOA Foreclosures and mortgage

Manish SH
Posted

I wonder if any fellow members have any experience and are willing to share. I bought few properties in HOA foreclosure and they have mortgage loans of previous owner. When I call bank and inquire about loan they deny talking or sharing any information with me and ask for an authorization of the borrower. As you know that the previous owners are unlikely to cooperate as we bought their property in foreclosure. How do we handle such a situation?

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