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Updated 11 months ago,
Responsible for Accrued HOA after foreclosure
Hi,
I bought a property on a 1st loan mortgage foreclosure. There is HOA debt in the amount of $21k piled up from previous owner.
Who is responsible to pay for the HOA debt that piled up prior to foreclosure sale? Me or the previous owner or can the surplus funds be used to recoup the HOA debt? Note, there is a surplus.
Thanks,
Joe