HOA Lien/Dues at foreclosure

[Bob Malecki]

I'm analyzing a 1st position NPL to buy for which the current note holder has started foreclosure. I found out that there are about $5600 in unpaid HOA dues and I found an older lien on the property from the HOA for $2000 (included in the higher figure). The home is located in WA state. For my calculations, will I be required to pay the HOA dues at FC or will these be attached to the former borrower?

[Chad U.]

@Yechiel Abekassis

Unfortunately no, the safe harbour only applies to the lender foreclosing if they take it back from the auction. When a 3rd party wins the bid, they are responsible for the entire HOA lien plus late and legal fees.