Linda asks…
Condo in our complex in California is being auctioned. Can our HOA recover unpaid dues?
One of the condos in our complex is being sold at auction by the lender. But that unit owes our homeowners association payments for unpaid HOA dues/ fees. Can our HOA still recover the unpaid dues upon/after the auction sale? (Our HOA has not filed a lien on the unit.)
Anne answers:
Your chances of collecting are close to zero. If you have no lien at this time, you are basically an unsecured creditor. Even if you HAD a lien, it would be secondary to the primary
No comments:
Post a Comment