HOA Foreclosure who has the rights for the lien in the first position

Greensboro, North Carolina
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HOA Foreclosure who has the rights for the lien in the first position

Mike Vincent
Rental Property Investor · Charlotte, NC · Member since 2017 · 9 posts · 1 vote

What does this do to the first position? Will they allow a loan assumption as the new deed owner?

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  • Chris SeveneyBusiness Member
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    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Mike Vincent:

    What does this do to the first position? Will they allow a loan assumption as the new deed owner?


     You will not be able to assume the loan, the first will eventually foreclose on the property unless it is paid off.

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