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 over 8 years ago,
REO Lien Question
I am in the process of purchasing an REO from BANK XXX. There is no lien on the current owner (BANK XXX), but there is a lien on the prior owner who was foreclosed on. The lien is for past due HOA. My main concerns are am I liable for any portion of the lien? Will the lien always follow the property? Are there actions that I should take before finalizing the deal? Thank you for your time.
Dave