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Updated about 11 years ago on . Most recent reply

User Stats

23
Posts
0
Votes
Erick V.
  • Residential Real Estate Broker
  • Miami, FL
0
Votes |
23
Posts

Opinion on NPN Im looking at......

Erick V.
  • Residential Real Estate Broker
  • Miami, FL
Posted

I'm looking at a npn of a property located in a gated community with HOA. The title is currently under a company that purchased the HOA lien through auction a little over a year ago.

If I wanted to offer a quit claim deed/cash for deed, how would it work? Since now I'm dealing with two different people, the title holder and the borrower.

I know investors that buy HOA liens do it for the purpose of renting out the properties while waiting for the senior liens to foreclose. How hard is it working with these investors in trying to obtain title from them before the foreclosure?

Since the HOA lien is paid off and assumed up to date, Does this investor have a lien on the property or do they just have title? If they do have a lien on it, this would be an unsecure lien correct? and it gets wiped out at foreclosure correct?

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