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Re: HOA Auction - Who Takes Possession?In Reply to: HOA Auction - Who Takes Possession? posted by Ray on September 14, 2003 at 5:54 PM
: Owner is current on the mortgage but defaulted on HOA and taxes. HOA has filed NOD and a trustee auction has been scheduled. Will the lender take possession and HOA lose If I'm understanding you correctly, the HOA has a scheduled sale. If there's no third party bidder, the HOA becomes the owner after sale. The first remains in place. That's CA specific, other states have different rules.
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