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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The long and short of it... Posted by Ward-CA- on May 07, 2002 at 8:37 AM In Reply to: 2 short questions posted by Royce on May 06, 2002 at 8:12 PM : Ward; : 1) : Do I still need an immediate insurance binder on a condo bought at trustee sale, or is that automatically covered in HOA dues? : 2) : Do HOA liens survive a trustee sale with only a first and no 2nd or other liens? : Royce =•=•=•=•=•=•=•=•=•=•= Royce, #1. Yes, a portion of the monthly HOA dues goes to pay for fire insurance. So you just might concern yourself with getting insurance covering the interiors, furniture, etc. #2. An HOA lien’s fortune is dictated, like all other junior liens, by its priority (time of recording). If it is junior to the foreclosing lien, it will be wiped off the property’s title. If it is senior to the foreclosing lien it will remain on the title of the property. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward; : : 1) : : Do I still need an immediate insurance binder on a condo bought at trustee sale, or is that automatically covered in HOA dues? : : 2) : : Do HOA liens survive a trustee sale with only a first and no 2nd or other liens? : : Royce : =•=•=•=•=•=•=•=•=•=•= : Royce, : #1. Yes, a portion of the monthly HOA dues goes to pay for fire insurance. So you just might concern yourself with getting insurance covering the interiors, furniture, etc. : #2. An HOA lien’s fortune is dictated, like all other junior liens, by its priority (time of recording). If it is junior to the foreclosing lien, it will be wiped off the property’s title. If it is senior to the foreclosing lien it will remain on the title of the property. 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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