Updated almost 9 years ago on .
presented by
Hold Harmless Agreement
I'm looking at a property that was previously foreclosed and sold by auction. The previous owner had HOA fines of about $1000 as well as unpaid legal fees (HOA) of $3000-4000. The sellers has requested the buyer to sign a hold harmless agreement for these fees (and don't know if there are others???). My question is this. I thought all such fees were struck when a house goes through foreclosure, is this not true? Is it legal to pass these on to the new owner. I thought one purchased title insurance to protect against such fees? If so, why would anyone sign such an agreement? I guess I could go through an attorney to research, however there isn't a lot of "meat on the bone" for this deal. Thanks for you comments.