FLORIDA FORECLOSURE SALE hoa vs. 1st lien holder?
The HOA foreclosed on the property in Florida.
There is still another case pending against Homeowner (by the lender)
If I buy this property would the lender still be able to go against me for a mortgage satisfaction.
Also what happens if Lender’s ( 1st Mortgage ) case has been dismissed but HOA did pursue and foreclosed on the property and property is now for sale. If I win auction ( Orange County ) will I still have to satisfy 1st lien? I know if this was tax sale I would have all rights to wipe the lien by the mortgage holder, but what happens in the cases like this? Thanks for all answers !!!
THANKS FOR RESPOND, BUT QUESTION WAS IF THERE IS A FORECLOSURE PENDING ON THE LIEN ( 1ST MORTGAGE ) AND THE CASE GOT DROPPED OR LENDER WAS UNABLE TO FORECLOSE FOR ANY REASON AND THERE WAS A SECOND LAWSUIT BROUGHT BY HOA.
THEY FORECLOSED AND HOUSE ( CONDO ) WAS PUT FOR SALE. WHAT IF I BUY PROPERTY AM I STILL RESPONSIBLE FOR 1ST MORTGAGE OR I’M GETTING PUT IN FIRST POSITION ?
2 responses for FLORIDA FORECLOSURE SALE hoa vs. 1st lien holder?