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Updated about 14 years ago on . Most recent reply

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Liz Watkins
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Is a lien recoverable after the bank forecloses?

Liz Watkins
Posted

I own a condo and 6 are in the foreclosure process. I was told that if someone owes $400,000 and the bank forecloses now and it is only worth $200,000 that the condo association lien for past dues and special assessments will not be paid by the bank. I was told the liens would go away. This can't be true?

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