Hi David, if you win a property at a COA
or HOA auction whatever the amount that you paid at auction wipes the lien that led to the foreclosure. However, if there are any other HOA or COA dues outstanding aside from what forced the association to foreclose then these remain, and have to be paid by the new owner. Please remember that we are only talking about a HOA or COA foreclosure and unless you're very lucky there will no doubt still be encumbrances in the form of mortgages still owed to the lender so you have not bought the property free and clear.
When a property is sold at a foreclosure auction, the winning bid satisfies the lien that led to the foreclosure, regardless of whether it covers the full amount of the final judgment.
Thank you Tony. Is that true even for COA/HOA Foreclosures? I though they could always come after the new owner for any unpaid dues?