Tuesday, 3 February 2015

In foreclosure of a timeshare by the HOA for unpaid assessments, does this wipe out all other liens to the property? I see a mortgage for th...

Question

In foreclosure of a timeshare by the HOA for unpaid assessments, does this wipe out all other liens to the property? I see a mortgage for this property (funded by the timeshare developer) when it was filed, but there is no lien filed for it -- does this get wiped out upon sale?

It is a relatively low $ property (

Answer

The only liens that are wiped out are those included in the foreclosure which are inferior. Do a title search. Hire an attorney. Don't just gamble do your homework.



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