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Updated almost 7 years ago on . Most recent reply

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Ray Slack
  • Investor
  • White Haven PA
221
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362
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Washington DC Condo Foreclosure question about condo lein

Ray Slack
  • Investor
  • White Haven PA
Posted

Had a question.. I'm thinking about buying a washington DC condo at the foreclosure trustee auction.. It's a first mortgage foreclosure but there is a condo lien recorded after the 1st mortgage. 

I've read some places that I would be responsible for $1,000 of the condo lien and other places that the whole lien would be wiped out.  Anyone know for sure? 

Also are property taxes and condo fees pro-rated from the date of sale on DC properties?  I buy in Maryland all the time but realize DC may be different.

Thanks for your help

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,325
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Condos in DC have supremacy over mortgage liens.  So even if it is recorded in 2nd position, it is in actuality in 1st position.  

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