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?
3K Views
1
Answer
one year ago
one year ago
Tags
You Asked & We ALL Answered!
Most Popular Questions
- Mortgage Reporting on Title Search?
- Estimating the loan balance on a Reverse mortgage?
- Pre-Foreclosure Info...?
- Tax Deed vs Foreclosure Implications?
- mechanics liens?
Most Recent Questions
- PAPA Ownership Update After Auction Win?
- Status of Available for Wholesale Properties?
- Stand Alone Second Mortgage?
- rename my list?
- Deposit?
Can you answer these questions?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
- Looking for creative buyers, seller finance in Marion County, FL?
- Will banks assign a mortgage in default??
-
12326 days ago -
908 months ago -
90one month ago -
518 months ago -
39one year ago
-
37one year ago -
30one year ago
-
308 months ago -
2710 months ago -
26one 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?