Updated almost 12 years ago on . Most recent reply
HOA settlement during foreclosure
Foreclosure sale: HOA was one of the defendants which has unpaid dues. Writ of execution is 8/10/2013, foreclosure sale is held on 11/22/13. Foreclosure buyer will get redemption after 180 days. When new owner gets possession on 05/22/14, will he be required to pay 6 months of HOA, utilities dues? How these fees can be avoided?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Speak to a RE attorney local to the property, as state laws differ, and there can be subtle differences in circumstances that cause drastically different outcomes. Example, here all HOA debts stay with the property, for a third party bidder.