Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
HOA Foreclosures and mortgage
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?