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Updated almost 7 years ago,
HOA liens in foreclosed property
Hi everybody! Newbie to REI and first posting! so excitkng!!!
Im interested in a property listed in an auction closing tomorrow. The docs attached in the post include a "Commitment for Title Insurance". Schedule B of said doc includes the following wording:
The following are the requirements to be complied with:
- Proper Disposition of Statement of Lien for unpaid Condominium Assessments, recorded on...
in the amount of $10,033.07.
- Proper Disposition of Contract Judgment, recorded on.... in the amount of $5,706.27.
- Proper Disposition of Judgment, recorded November 06, 2013 in, Case No..., in the amount of $4,970.23.
- Proper Disposition of Contract Judgment, recorded August 09, 2017 in, Case...., in the amount of $13,678.36.
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Does this mean that the buyer has to pay such amounts upon purchase?
thanks
Lizannette