I have read many posts on HOA NOD, NOD Liens and Notice of Trustee Sales, but haven't still seen a definite clear answer to my potential investment on a HOA Non-Judicial Judgement in California NOTS.

Hi guys,I am seeing 400K houses scheduled for Auction for 10K Judgement Amount.

Does anyone know what happens to a lease in the case of a writ of possession from a judgement lien?

It wipes out mortgages, liens and judgements against the property.

Rained out here in Charlotte area today.Alex

Sure you are rained out today as we are getting some solid rain here in Rock Hill as well.Alex

Trying to stay positive, I withheld judgement until I opened the file, but as expected, the file is absolutely unreadable.

Essentially is as follows:New Lease Fee (one month’s rent) + Expected Missed Rent + “Refresh” Cash(Refresh Cash = the amount out of pocket to prepare the property for new tenants, after tenant deposit is spent)It looks like this:(A/B)+(A*C / B)+(D/B)Where:A = New lease fee (1 month's rent) ($1,000)B = # of Months in lease (24)C = Expected # of months vacant in-between tenants (1.5)D = “Refresh” Cash ($500)In this example:($1,000/24) + ($1,000 * 1.5 / 24) + ($500/24)Which is:41.67 + 62.5 + 21 = $125    which is 13% of monthly rent in this scenarioThe equation allows me to make a judgement call in many different scenarios.

And when it comes to multifamily i would not count on appreciation for the bail out; you want to be setup so it can comfortable sustain itself, rain, or shine.:)I was looking at a duplex for sale in Baltimore online. 40K purchase, 10K work (they said 5k) and $750X2 in rent.

If it's all shoved into the "repairs" as a single $40,000 line-item, that can be a DTI killer or a "management judgement call" that isn't made until after scheduled removal of loan contingency (and we can't have that!).