Buying HOA Lien Before Sheriff's Sale - Colorado

[Reese C.]

Hello everyone,

I have looked extensively through the BP forums about HOA Liens and was left with one question that was unanswered.

I understand that if you buy the HOA Lien BEFORE a Sheriff's sale you don't have ownership rights, only the RIGHTS (and related costs) to continue the foreclosure process.

So my question is this:

If all of the work up to the point of the Sheriff's sale is complete and the Sheriff's sale date is set, could an investor just purchase the lien and continue with the set Sheriff's auction or will the investor have to start the notification process over again since they are a new party?

[Travis Sperr]

You can buy a lien that is already in the foreclosure process and continue the foreclosure. There is a notification process required that your attorney or the foreclosing attorney can help with but buying the lien does not delay the process more than a couple days or week.