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Foreclosures

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Chris Copenhaver
  • Investor
  • Tampa, FL
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H.O.A. foreclosure then Bank foreclosure

Chris Copenhaver
  • Investor
  • Tampa, FL
Posted Apr 13 2016, 07:33

I'm purchasing a bank owned home from homesearch.com which is occupied.  The h.o.a. foreclosed back on 1/10/2015 then the bank foreclosed 1/12/2016. The bank is saying I need to pay back h.o.a. fees for the past year. My question is isn't the lien from the h.o.a. wiped out once they foreclosed? Furthermore the h.o.a. rented the property immediately after taking possesion in 2015 at $1600 a month. I'm buying the home with the current tenant they placed in the property. The bank says since it is occupied I'm responsible.  Anyone ever had this happen or have any thoughts??

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