All Forum Posts by: Jay De Guzman

Congrats Ethan!!

Welcome to BP @Raymond Macasaet you are going to find lots of useful information here! Thank you for serving our great county!

 Hi Charlie, We do have an attorney but as all attorneys go they charge for advice. Thank you for the advice

 Thank you for the information Wayne!

Hi Omar, I did do a prelim and the issue was the lien holder. The person we purchased the home from intern purchased it from an investor. The HOA lien, and the mortgages are recorded on the property and the borrower is the owner before the investor. (I know!) What I don't understand is how the HOA and the first lien holder can foreclose if the property has been transferred! The title report does reflect all of this.

 I agree with you, Ok it sounds like an attorney is inevitable. Thank you for the advice Tiger!

Hi! I purchased a contract in North Las Vegas, and have run into a bit of an issue. The property has an HOA lien (which I knew about) but I am trying to get clarification on the law. Has anyone dealt with this recently? My understanding is the HOA lien takes first position, and the current first mortgage is wiped out once the HOA is paid off. Now if the home has transferred title already through a quitclaim, and the HOA was never paid off, if the HOA is paid now what will happen to the first? Also how will the quiet title action work? Thank you for your help!

Welcome!@Brian Hall 

Congrats on joining BP. NIce to see other investors in the Jersey area!! Get involved in the forums and ask lots of questions!!

@Guy Gimenez 

You are absolutely right Guy! Thanks for advice :)

@Kyle Penland 

Thanks Crystal I will do that