yes you will,
The bank still is the first lien on the property. The Hoa sodl you their debt. You do not technically own the home, as the bank can come in and foreclose on the property. You need to deal with the bank in regards to the mortgages on the property, and also for future reference please hire a realtor who can locate properties for you that you can own free and clear.
Keller Williams Realty SW