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Updated over 6 years ago on . Most recent reply
Washington DC Condo Foreclosure question about condo lein
Had a question.. I'm thinking about buying a washington DC condo at the foreclosure trustee auction.. It's a first mortgage foreclosure but there is a condo lien recorded after the 1st mortgage.
I've read some places that I would be responsible for $1,000 of the condo lien and other places that the whole lien would be wiped out. Anyone know for sure?
Also are property taxes and condo fees pro-rated from the date of sale on DC properties? I buy in Maryland all the time but realize DC may be different.
Thanks for your help
Most Popular Reply
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Condos in DC have supremacy over mortgage liens. So even if it is recorded in 2nd position, it is in actuality in 1st position.
- Russell Brazil
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