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Updated over 7 years ago,
Purchased a property foreclosed by HOA earlier, now what?
Hello BP,
I just purchased a SFR in Houston, Texas from a 'reputed' Wholesaler (double closing and I am not sure who is the seller is).
- Closing went through title company and I purchased Title Insurance.
- Special Warranty Deed is electronically recorded on my name on the closing date.
- One week after closing I learned that property is previously foreclosed by HOA at an auction and the Buyer got the Writ of possession, changed the locks on the property.
- I spoke to the buyer from HOA foreclosure auction and I was told that I'm trespassing the property since it is his property.
- In the executed HUD, I SEE NO MENTION OF HOA.
Both Wholesaler and title company were informed about the situation and I was told they will be calling me back but no luck from the past 4 hours.
If someone Buy HOA foreclosure, how/why this lien won't came up on Title search?
Is either Wholesaler or Title company can offer any help or simply say S.O.L (Sadly Out of Luck)?
What should I do now other than contacting attorney?
Thanks in advance for your help!!!