Tell him to pound salt. The HOA lien doesn't survive if the HOA was notified. The HOA could have bought it if they wanted to attempt to recover any funds. You do need to pay dues going forward from the purchase date though.
Answered
HOA fees after auction wins
I won an auction for an bank foreclosure, and the HOA is coming after me for an excessive amount of money. The HOA attorney is saying that I owe them $16,000 even though the month dues are only like $110, and the previous owners appears to have stopped paying for the past 3 years, which is about $4,000 worth. When I pointed it out the attorney is saying it's because of interest and legal fees. This can't be!!! What is the next step?
2K Views
1
Answer
one year ago
one year ago
Tags
You Asked & We ALL Answered!
Most Popular Questions
- Mortgage Reporting on Title Search?
- Tax Deed vs Foreclosure Implications?
- What is the best way to find a safe Tax Deed?
- Pre-Foreclosure Info...?
- Estimating the loan balance on a Reverse mortgage?
Most Recent Questions
- Looking for creative buyers, seller finance in Marion County, FL?
- Property Tax After Death not paid??
- What is the risk I run on settling/purchasing a tax deed property before it getting to auction??
- Real Auction vs clerk of court vs Propertyonion??
- Surplus Money from auctions?
Can you answer these questions?
- Looking for creative buyers, seller finance in Marion County, FL?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
-
123one month ago -
704 months ago -
515 months ago -
42one year ago
-
378 months ago -
313 months ago -
308 months ago
-
304 months ago -
276 months ago -
24one year ago
I read the Statutes David Cain posted. It didn't sound hopeful as I understood it, but I am not an attorney. So begs the question... did you find a work around?