1 a chiropractor for looking over your shoulder.
2 a real estate attorney.
The attorney should be able to make you feel better than the chiropractor.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
This information is awesome, and is a *must listen* to anyone who has questions about potential deficiency judgments in California... not just homeowners & homebuyers, but real estate agents, mortgage loan officers, title officers, etc.
Your best resource for information is a real estate attorney specializing in these matters. All anyone can do to help you on this forum is to tell you to see one.
If you are delinquent on your HOA, the HOA can indeed foreclose on your property. Depending on the terms of your loan, you may not be automatically relieved of your obligations to repay your mortgage and other notes.
If you lose your property to a foreclosure, you should be aware of the consequences on your credit -- it could take you 7 years or so to recover and to qualify to buy another property in the future.