Posted by William Bronchick on January 30, 2002 at 11:44:09:
No, the CC&Rs and not wiped out by a tax lien sale. They are a restriction on the original ownership of the property, like an easement.
Question for William B. - Posted by george
Posted by george on January 29, 2002 at 18:07:43:
Hello, I am new to the boards. I found this site because of reading your book “Flipping Properties” I’m enjoying going though the book.
Background: I was looking at some county “property tax foreclosure” properties (not Tax lien certificate sale). There was a 5 acre parcel
that was a park-like common area in a HOA developement.
No doubt had CC&Rs relating to use.
Question: If HOA let parcel be sold at the tax sale, would that technically constitute a unanimous vote by the HOA members,that the property No longer was bound by the HOA and CC&Rs? And further could it be blocked from use and access by the HOA membership?
Thanks for your input to this forum. George