Steele Nailed it
Posted by OC Andy on January 30, 2008 at 09:16:17:
In Reply to: Re: Foreclosure and delinquent HOA
Posted by steele in minnesota on January 30, 2008 at 07:49:05:
All HOA assessments are borne by the property owner(whether its a Trustor or the bank) up until the time that the property is conveyed.
HOA liens are wiped off title at the trustee sale so that marketable title can be conveyed.
The HOA "could" pursue a judgement against the ex-owner post-sale, however it may be a case of "good money chasing bad".
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