Skip to main content
No. of Recommendations: 0
You are right about the existing mortgage debt being a superior lien to the HOA regime fees. We really do not expect to receive anything. However, we would just like the bank to foreclose, but they renegiated the mortgage with the owner, without filing a new mortgage. If they had filed a new mortgage, then our lien would be superior.

We wish to complete the foreclosure process and then one of two things (1) will get a receiver to collect the rents and will pay ourselves or (2) let the lender foreclose against us, at which time we will file a no-trespass order againt the current owner.

You just reminded me...I need to send a e-mail to our attorney to see if he requested a deficiency judgment. This particular owner owns several properties, which I would like our HOA to get its hands on.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.