hoa dues: Did you know that unpaid HOA dues can survive a foreclosure? - 06/07/11 11:22 PM
That's right, the foreclosure does not necessarily wipe out a lien for unpaid HOA dues. I didn't know that, and apparently, neither did Bank of America.
Here's the story. I represent a buyer for a house in Melody Ranch, Jackson Hole, WY. The seller is  Bank of America, who acquired the house via foreclosure a few months ago. The previous homeowner quit paying their homeowner's association (HOA) dues months before the foreclosure, and the HOA placed a lien on the property for the unpaid dues. After the lien was filed, the bank foreclosed.
My buyer put the property under contract, and … (19 comments)

 
Tim Bradley, Commercial Real Estate Expert in Jackson Hole, WY (Contour Investment Properties) Rainmaker large

Tim Bradley

Commercial Real Estate Expert in Jackson Hole, WY

Jackson Hole, WY

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