After foreclosure, who pays past HOA dues?
Q: At what point after a mortgage foreclosure does a bank become responsible for the payment of delinquent HOA dues? We have a home in our development where the bank has foreclosed, the previous owners have moved out, and there is a “for sale” sign on the property. The previous owners were billed in January for the 2015 dues, but the dues have not been paid. My understanding is that the bank is responsible for payment of the dues from the date it takes possession of the house. Read the Q&A…………
Q: At what point after a mortgage foreclosure does a bank become responsible for the payment of delinquent HOA dues?
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