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Updated over 9 years ago on .
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Buying an HOA lien in Colorado
Newbie here looking for some direction...
I've found a foreclosed & vacant house in the Denver area that has a large outstanding HOA balance (most likely over 6 months of outstanding dues). The HOA hasn't filed a lien yet, but if they do would I be able to buy the lien privately or must the lien go to a sheriff's auction by law? The bank doesn't seem to know that it owns this property or else it would have sold the property after they foreclosed 6+ months ago.
I'm sure I will have follow on questions to your answers so thank you in advance for your time and responses.