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Re: HOA Auction - Who Takes Possession?

Posted by Jim V on September 14, 2003 at 10:30 PM

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
: their back dues if the home does not sell at the auction?

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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