Posted by Kelly D. on 8/03/09

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A neighbor in our Condo complex is having to potentially
foreclose on her condo because of some new law established
with the mortgage industry not allowing owners to sell their
condo's if 51%+ of the units are NOT owner occupied. If she
does foreclose who pays the HOA dues? If it's bank owned
wouldn't the bank be responsible for paying the HOA dues?
Could our association potentially put a lien on the property
after the foreclosure making whoever eventually buys it
responsible for paying outstanding HOA dues? Please help,
we're having a meeting regarding this soon and don't know
how to address this. Thanks!

Re: Who pays HOA dues when a condo is foreclosed on?, 12/08/09, by Greg.

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