Hello Fello Investors,

I have been recently getting leads of HOA Auction property sellers and I dont know much about purchasing these type of properties ...if anyone here has any prior experience purchasing such type of transactions I would love to hear any one who would be willing to share experiences with these type of transactions.

thanks much Pros :-) 

Originally posted by @Marco Chaidez :

Hello Fello Investors,

I have been recently getting leads of HOA Auction property sellers and I dont know much about purchasing these type of properties ...if anyone here has any prior experience purchasing such type of transactions I would love to hear any one who would be willing to share experiences with these type of transactions.

thanks much Pros :-) 

If you buy an HOA property, you are almost always subject to the first lien mortgage. In this case you can either reinstate and assume payments if it hasn't been done by the current title holder already. However most often the case is the lender will want to be paid off, and they have the right to foreclose if not. Therefore do your homework and determine what the balance on the mortgage is prior to purchasing.

Hi Chad,

Are you currently in the space of purchasing HOA Auction properties by chance ? If so, I would like to know more if you have some free time. I know were all busy, so i do appreciate your feedback and taking the time.

Sincerely,

Marco