QUESTION
An HOA legally foreclosed upon a property for unpaid assessments of $5479.00. Said property went to auction.
Asked on Jan 29th, 2016 on Residential Real Estate - California
More details to this question:
The same HOA bought the property at auction for $18,000. It was then flipped to an LLC for $165,000. Does an HOA have the right to buy at auction the same property it foreclosed upon?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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Yes, the HOA can bid on the property that it is foreclosing on. It's common.
Answered on Jan 30th, 2016 at 10:39 AM