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Rosanne Valek
  • Canyon Lake, CA
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Tax defaulted property purchase with lien from HOA

Rosanne Valek
  • Canyon Lake, CA
Posted

Hello,

I am looking into purchasing my first tax defaulted property in Riverside County, CA. I'm trying to do all the recommended research before hand. I am researching property owner names and if the properties have other existing liens. One of the properties I am interested in has a lien from the home owners association for unpaid dues. I contacted the association and they would not give me any info (it was worth a try). I ordered a report from the Riverside County Assessors office, but the report comes in the mail and I am not sure I will receive it before the end of the auction. Can someone please explain to me how other liens work that are not tax liens? I have read through articles and other forums and it is still unclear to me if the lien from the HOA will remain on the title upon purchase. I am worried this lien may be in the 10's of thousands of dollars and I will end up in the hole on the property if that is the case. I am just getting the ball rolling on my investing career and would like to be successful with this first purchase. Thank you.

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