Posted by rdlazo on August 15, 2005 at 18:50:00:
First mortgage need to be satisfied first because I am almost sure HOA lien came after the first mortgage is recorded. What is the equity after you pay the first? HOA is usually a very small amount.
HOA foreclosing on REO? - Posted by lukeNC
Posted by lukeNC on August 15, 2005 at 15:50:43:
What happens in a situation where the HOA forecloses on an REO? REO was the result of a first mortgage foreclosure.
Does the winning bidder get the property free and clear?