Sara Mehrpouyan CDPE
Specializing in Foreclosure & Short Sale in Los Angeles & Ventura County
Dre License #01712757
Direct Phone: 818-903-2040
The individual owes monies to the HOA. Not the property. The fact that they can put a lien on the property has nothing to do with the fact that they can come after an owner personally for monies owed to them. Yes they put a lien, but they can also send the owner to a collection agency and sue them for the moneys (deficiency) even after the foreclosure took place.
So yes.. they can and will likely collect, if there are any unpaid fees, even after the foreclosure. This is one of the reasons why you are better off with a short sale. We often negotiate a settlement and pay HOA fees through a short sale.. so the previous owner walks away not owing anything and having no deficiency claims pending against them.
Feel free to email me if you have any further questions firstname.lastname@example.org
HOA Managements Companies have gotten very tough due to the foreclosures aftermath. I've heard that they will aggressively go after the former owner to collect the unpaid dues. Please consult with an attorney to review your paper work. Hope this helps.
If the HOA did not place a LIEN on the Property,
then the debt is still on the Homeowner, not the property.
I don't want to give the HOA's too much credit for being smart,
but they are bloodthirsty and also, it cost money to file a Lien.
You know who also works this way; the Counties on Property Taxes.
i would suggest seeking legal council if you are questioning a situation you may be involved in.
The back HOA is not automatically wiped out or transferred to the new owner.
I would seek legal council, good luck.
The SoCal Investment Real Estate Group
Sothebyâ€™s International Realty
License # - 01343854
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Please contact a real estate attorney for more information regarding your specific case.
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Coldwell Banker Residential
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