Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Law > Real Estate Law   »   Short Sale and Monies Past Due

Answer this Question Ask about Real Estate Law
 
Thread Tools Display Modes
Question
 
 
#1  
Old Jul 5, 2008, 07:30 AM
spotter
New Member
spotter is offline 		 
Join Date: Jun 2008
Posts: 4
spotter See this member's comment history on his/her Profile page.
Short Sale and Monies Past Due
On a short sale, if money is owed to a home owners association, will these dues be paid before sale or do we need to file a lien.

Reply With Quote
 
     

Answers
 
 
Old Jul 5, 2008, 07:39 AM   #2  
Expert
excon is offline
 
excon's Avatar
 
Join Date: Aug 2005
Location: On the outside
Posts: 8,812
excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.
Hello spotter:

You'll need to file a lien. BUT, depending on your CC&R's, you may have to sue them first and win a judgment.

excon
  Reply With Quote
 
     
 
 
Old Jul 5, 2008, 09:31 AM   #3  
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Atlanta GA
Posts: 26,166
Fr_Chuck has disabled reputation
if there is a lien placed, it can stop the short sale from happenning, since at closing that lien would have to be paid, and since there is not even enough money to pay the mortage, there is no money to pay the lien, so in most cases, this will just stop the sale from happening.
Then what happens the home will just foreclose, and sell at a foreclosure sale which will take months and then the HOA won't get paid anyway at that sale.
  Reply With Quote
 
     
Answer this Question Ask about Real Estate Law

« Previous Thread | Next Thread »

Thread Tools
Display Modes
Linear Mode Linear Mode

 
Similar Sponsors

Similar Threads
Question Asker Forum Answers Last Post
Short sale lekpeh Real Estate Law 1 Apr 22, 2008 07:27 PM
short sale neva40213 Credit 1 Nov 30, 2007 11:48 AM
short sale neva40213 Mortgages 1 Sep 18, 2007 07:04 PM
short sale truong81 Real Estate Law 1 Aug 9, 2007 12:35 PM
FHA short sale shelley7180 Real Estate Law 4 Feb 23, 2007 05:30 AM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 01:41 AM.