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Does a HOA lien get wiped out if condo is foreclosed by mortgage lender in California?
Wiki User
∙ 10y ago
Liens are not 'wiped out': liens are paid.
When the foreclosed property is sold, the lien may be paid from the proceeds, depending on its priority and the amount earned from the sale.
Wiki User
∙ 10y ago
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What's the difference between a condo and a duplex?
The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.
What insurance companies will provide homeowner or condo insurance for a rental condo without having to insure your primary residence in my case rental insurance?
Your local insurance broker can answer your question.
Can the owner of the condominium open the business in condo?
Read your governing documents to determine the uses for your property allowed by the association.
The office Michael scotts real estate agent?
Carol Stills is the real estate agent that sold Michael his condo and then later dated him.
When a condo is off the market in real estate language what does this mean?
In real estate language this means that there is no active listing for the condominium, advertising it for sale.
Can you buy a condo if you receive ssi?
Your mortgage lender can answer this question for you.
Does the furniture go with the condo you foreclosed on?
In a foreclosure ONLY the real estate is affected. Unless the condo was originally purchased fully furnished - the furnishings are the personal property of the owner who was foreclosed on and are not subject to seizure by the lender.
Do you have a lein on your property?
yes but I paid cash for my condo(association dues) , can it be foreclosed if so by who i don't have a mortgage
Can you have a reverse mortgage on a condo?
Yes, you can have a reverse mortgage on a condo. However, the condo must be approved by the Federal Housing Administration (FHA) for reverse mortgages. The condo complex must meet certain eligibility criteria set by the FHA.
What happens to your mortgage if your condo is condemned in California?
You can find the answer you want by asking the mortgage holder.
If the condo is foreclosed on during the lien can you be sued for the lien amount after the condo has been foreclosed on?
You are responsible for all debits to the Association and Mortgage holder until the unit is sold. If the unit is sold the New owner get to pay your bad debit, the mortgage company will hold you responsible for any difference between the sales price and what is owed.
Can you buy condo if you are ssi?
Your mortgage lender will help you qualify, regardless of the type of real estate you want to buy.
Are there restrictions for getting a home equity line of credit if you own a condo?
Your mortgage lender who is offering you an equity line of credit can answer your question.
Who will provide information about condo mortgages?
LendGo, Freddie Mac and American Bank are lenders that will provide additional information needed about condominium mortgages. Another lender with condo mortgage information is BankRate.
Can a cash buyer of a condo legally place a secured first mortgage on the same condo acting as their own private party lender?
Depends on the state or commonwealth you in. Contact an attorney and review your docs
Can your mortgage on your condo be assumed by FHA to purchase a home in same town?
Pose this question to the mortgage lender, together with all the details involved. That person will be better prepared to give you the answer you need.
I have a lien on my condo but want to remortgage?
Your mortgage lender is the person who can tell you how to proceed. Generally, a lender will require that you pay the debt and remove the lien before a new financial agreement can be made based on the property.
