Tuesday, 13 May 2014

I have lost my condo due to foreclosure and have outstanding HOA dues. Do the outstanding dues go to the new owner or am I personally respon...

Question

I have lost my condo due to foreclosure and have outstanding HOA dues. Do the outstanding dues go to the new owner or am I personally responsible to pay them?



Answer

Personally responsible most probably

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Answer

I would think you should pay them personally, to the HOA, and obtain a receipt.



Answer

You are personally liable for them, although they may be a lien on the property as well depending on if and when they perfected a HOA dues line relative to the date of the loan that was the subject of the foreclosure.



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