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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: One thing to watch for... Posted by bukzin on August 13, 2004 at 5:49 AM In Reply to: One thing to watch for... posted by Ward-CA- on August 12, 2004 at 3:25 PM : : I am following a trustee sale (going tomorrow)which is a : : 2nd for un-paid dues to the HOA. Its $2500. with a first : : of $94k. Trustee is Allied. : : Have any of you done these? Has anyone been watching : : the case of the older couple here in CA that lost thier : : home. I think the high bidder was Robert Vandanega; : : the press has been having a field day with him. : : Anything out of the ordinary to watch out for? : : Thanks : : Bukzin : ~~~~~~~~~~ : Most title companies won't write a title insurance policy for a year after you acquire title to a condo via an HOA foreclosure auction. So that means you won't be able to refinance it or resell it for a year after you acquire it. : Hope this helps. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Thanks for the title tip. Did not know that. The 1st and 2nd total 135k and place may be worth 185k after 15k of fix-up. Its here in northern CA. Have you had much experience with doing these? Bukzin Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : I am following a trustee sale (going tomorrow)which is a : : : 2nd for un-paid dues to the HOA. Its $2500. with a first : : : of $94k. Trustee is Allied. : : : Have any of you done these? Has anyone been watching : : : the case of the older couple here in CA that lost thier : : : home. I think the high bidder was Robert Vandanega; : : : the press has been having a field day with him. : : : Anything out of the ordinary to watch out for? : : : Thanks : : : Bukzin : : ~~~~~~~~~~ : : Most title companies won't write a title insurance policy for a year after you acquire title to a condo via an HOA foreclosure auction. So that means you won't be able to refinance it or resell it for a year after you acquire it. : : Hope this helps. : : ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ : : Thanks for the title tip. Did not know that. : The 1st and 2nd total 135k and place may be worth 185k : after 15k of fix-up. Its here in northern CA. : Have you had much experience with doing these? : Bukzin Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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