Updated over 6 years ago on . Most recent reply
HOA foreclosure auction
Happy New Year! If a home is going to foreclosure auction for HOA fees and there are no other liens on the property are there other open items that could be of concern?
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Yes. The buyer assumes all prior mortgages and judicial judgments. I would recommend calling the foreclosure Trustees to see if they would share lien info. If that fails and you have enough time, engage a title company or real estate lawyer to do a title search. It is important to be forewarned as you don't want to buy and find out you overbid due to prior encumbrances. I have seen it happen many times.