What happens to your mortgage if your HOA forecloses on your condo?

Answer The answer depends on how much you owe, how much the unit can be sold for, and where the lender's claim on the property falls in the priority status for distributing the funds from the sale. Some a... Read More »

Top Q&A For: What happens to your mortgage if your HOA forec...

What happens if the bank forecloses on your house?

Your mortgage lender typically initiates the foreclosure process three to six months after you miss a mortgage payment. Your mortgage lender will send a notice requesting back payment totaling the ... Read More »

What happens if your lock expires on your mortgage?

If a borrower's interest rate lock expires before closing, he is no longer eligible for that interest rate. However, if desired, the borrower can extend his lock prior to expiration for a fee.Signi... Read More »

Can your condo association put a lien on your condo if you havent been able to pay your maintenance fees?

Short answer: yes. Longer answer: If you are unable to keep up with paying your assessments, it's always a good idea to relay this information to your association management company and work out a ... Read More »

What does it mean if a condo association puts a lien on your condo if you haven't been able to pay your asessment fees?

As an owner, it means that your title to your unit is 'clouded' -- your title is encumbered/ not clear -- by the amount of your assessments past due and accumulating, that remain unpaid. A lien may... Read More »