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Updated over 15 years ago on .

Matt Vargas's profile image
Matt Vargas's profile image
Matt Vargas
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Matt Vargas
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Foreclosures

HOA Foreclosures...What happens to the first mortgage?

Matt Vargas
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I have a service that provides me with a list of properties that will be up for auction the following month. Ive noticed that some of these houses are being foreclosed on due to HOA defaults. Some of these houses get sold for VERY little at the auction. What happens to the first mortgage if the HOA forecloses? Thank you.

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