InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] HOA lien foreclosure and redemption Posted by maureen on March 05, 2004 at 9:20 AM Here's the deal: both the mortgage and HOA assessment liens are in foreclosure, with the HOA assessment lien recorded first and that sale first. Buying the property at the HOA lien foreclosure sale would give us title subject to the mortgage, which we could then pay off, right? But this is in MN, which has a 6-month redemption period. Can the mortgagor redeem the property by paying just the HOA lien amount anytime in that redemption period? Thanks for clarifying -- any other issues here? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Here's the deal: both the mortgage and HOA assessment liens are in foreclosure, with the HOA assessment lien recorded first and that sale first. : Buying the property at the HOA lien foreclosure sale would give us title subject to the mortgage, which we could then pay off, right? But this is in MN, which has a 6-month redemption period. Can the mortgagor redeem the property by paying just the HOA lien amount anytime in that redemption period? : Thanks for clarifying -- any other issues here? 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455