Don’t mistake the lack of a lis pendens for a clean slate. A lis pendens is just a notice of active litigation, but the underlying lien is created by the recorded mortgage in the county’s Official Records. In Florida, an HOA foreclosure typically only wipes out junior interests. If that URA loan was recorded prior to the HOA’s claim of lien, it remains attached to the property. You aren't just buying the house; you're buying the right to pay off that debt, and since HOA foreclosures trigger "due-on-sale" clauses, you can expect that URA entity to eventually wake up and initiate their own foreclosure if they aren't satisfied.

As for "exoneration," that’s wishful thinking in this asset class. Government-backed URA loans don't just disappear; they are either paid off or they foreclose. The only exception is if the loan had a specific forgiveness schedule (like a 10-year sunset clause) that has already vested. Before you bid another dollar, you need to pull the original mortgage instrument from the clerk’s site and see if it’s a forgivable grant or a hard lien. If you haven't ordered an estoppel to see the current payoff balance, you’re flying blind on your ROI.