Question

 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 »
http://wiki.answers.com/Q/What_happens_to_your_mortgage_if_your_HOA_forecloses_on_your_...

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

If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?

Your attorney can help you answer this question, since it requires a legal answer.
http://wiki.answers.com/Q/If_condo_association_forecloses_on_an_owner_does_the_lender_p...

North Carolina Commissioner of Insurance If refinancing a condo do I have to insure my condo for the full mortgage amount or only my the personal property and proof of HOA Master Policy?

Your board or your management company can help you determine how much personal property insurance you need to carry in your HO-6 policy, depending on the coverage available to you in the master ins... Read More »
http://wiki.answers.com/Q/North_Carolina_Commissioner_of_Insurance_If_refinancing_a_con...

What is an Item comment policy requested by mortgage company My mortgage company is requesting an updated policy but I live in a condo with a homeowners assoc.?

There are two kinds of insurance in a condominium community: a master policy that covers all the real estate assets owned in common, and an HO-6 policy that an individual owner carries to insure th... Read More »
http://wiki.answers.com/Q/What_is_an_Item_comment_policy_requested_by_mortgage_company_...

Can a condo association evict you if you still hold the mortgage?

Classically, eviction is an action taken against tenants, not owners. Read your governing documents to determine the types of behaviours you can engage in that violate the agreements you made when ... Read More »
http://wiki.answers.com/Q/Can_a_condo_association_evict_you_if_you_still_hold_the_mortgage


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