I know foreclosures of rentals has been covered before as I did a search before asking this question. The owner of the house we are renting hasn’t paid his HOA dues for over a year and we’ve been receiving notices from the HOA attorneys that they have put a tax lien on the property. The latest notice stated that they would foreclose on the property within 30 days (mid-February) unless all back dues and fees are paid. When an HOA forecloses on a property, do we as renters have any rights? Is our lease null and void (lease ends on April 30)? Also, since we aren’t sure they’ve defaulted on their loan with the bank, is this a totally different type of foreclosure process than the time frame SD Realtor wrote about last month in response to temeculaguys question? We are contacting the owner to see what is going on from his end. Any suggestions or comments would be greatly appreciated.
Why not find out what the unpaid lien is for and see if you can’t make a claim to the property by buying out the lien? If the borrower had money down and there is equity this might be opportunistic. More than like this is not going to be the case but it might be worth a littel bit of time.
Why not find out what the unpaid lien is for and see if you can’t make a claim to the property by buying out the lien? If the borrower had money down and there is equity this might be opportunistic. More than like this is not going to be the case but it might be worth a littel bit of time.
Why not find out what the unpaid lien is for and see if you can’t make a claim to the property by buying out the lien? If the borrower had money down and there is equity this might be opportunistic. More than like this is not going to be the case but it might be worth a littel bit of time.
Why not find out what the unpaid lien is for and see if you can’t make a claim to the property by buying out the lien? If the borrower had money down and there is equity this might be opportunistic. More than like this is not going to be the case but it might be worth a littel bit of time.
Why not find out what the unpaid lien is for and see if you can’t make a claim to the property by buying out the lien? If the borrower had money down and there is equity this might be opportunistic. More than like this is not going to be the case but it might be worth a littel bit of time.
Aggressive but not smart. You do not buy such subordinate positions. All that will happen someday is that the home gets foreclosed on and you lose. That is why if you buy liens you go for tax liens.
Aggressive but not smart. You do not buy such subordinate positions. All that will happen someday is that the home gets foreclosed on and you lose. That is why if you buy liens you go for tax liens.
Aggressive but not smart. You do not buy such subordinate positions. All that will happen someday is that the home gets foreclosed on and you lose. That is why if you buy liens you go for tax liens.
Aggressive but not smart. You do not buy such subordinate positions. All that will happen someday is that the home gets foreclosed on and you lose. That is why if you buy liens you go for tax liens.
