wht happens when hoa forcloses

Submitted by robs_41 from CA - 06/08/2009 - 5:30am

I never received a notice of the open meeting where they voted to place a lein are they in violation? Also the hoa changed management to collect dues does this make the lein invald. Does the new management have to start the process over.
 
Does the hOA have to satisfy the first lein to countrywide of 256000.00 to get there 3200.00? after they forclose (HOA). What happens to second?

You are not watching this post, click to start watching

Comments

Submitted by Sean - 06/11/2009 - 10:00pm

If you haven't paid what you owe you have a problem regardless of procedural issues. Best case you can waste some money on an attorney to delay when they get to foreclose, but it won't get you a free pass. If you want to stay pay your dues. Otherwise move on.
 
The HOA doesn't have to do anything with either the 2nd of the 1st unless they want to sell the property, in which case those loans would have to paid off. Most likely scenario is that HOA evicts you and one or both of the other loans foreclose --- unless you want to keep paying on a property you no longer own.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.