I understand that an HOA can foreclose on a property even if an HOA forecloses on a home when there is a first mortgage present. When this happens, does the HOA then take possesion of the property subject to the mortgage?
Answer
yes
I understand that an HOA can foreclose on a property even if an HOA forecloses on a home when there is a first mortgage present. When this happens, does the HOA then take possesion of the property subject to the mortgage?
yes
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