The bank owns my house that went into foreclosure/auction in July. Do I owe the HOA the balance?

Mysteryvxn
Other/Just Looking
Orange County, CA

The bank owns my house that went into foreclosure/auction in July 08. HOA just sent me a bill for a balance that quit paying for almost a year ago. I haven't even seen a statement from them in almost a year. I noticed, it is also a new management company running my old property. Am I responsible for the balance? I was told the banks will pay for it or HOA may not get paid at all. I live in Southern California. I'm afraid to call to tell them the situation and get duped into paying something I don't have to pay for. I have emailed them and told them I no longer own the property. But they told me I need to speak with the accountant to stop getting a bill. HELP!!

Answers (3)
Harrison K. Long
Agent
Irvine, CA

Be careful with amounts you owe to homeowner association for dues that are in arrears and whether those were or were not wiped away by the property foreclosure.

With friends and associates who are highly qualified real estate lawyers here in Orange County, I will provide you with information about them if you let me know by contact or telephone call.

I am a Realtor and real estate broker ... and also a lawyer for many years here in Orange County. My business is real estate and no longer do lawyering for individual clients.

Harrison K. Long, Coldwell Banker Previews, Irvine, CA. DRE 01410855.
http://www.ExploreTheOC.com
ExploreProperties@gmail.com

Fri Oct 30 2009, 14:57
James Patton
Agent
Tustin, CA

Officially you should speak with an Accountant. In my experience however, you have nothing to worry about in CA. The HOA can file a lien on the property - not on you. This means that, if they file a lien, they can hold up the sale of the property by the bank. However, that is no longer your problem. The HOA's debt is with the property which is now owned by the bank. As far as the comany who is contacting you, maybe someone else can shed some light on how to get them to stop? I'd imagine they'll stop once the bank pays them - which they'll have to do to re-sell the property.

Fri Mar 27 2009, 10:43
Curt Darragh -...
Broker
Poughkeepsie, NY
FIRST ANSWER

Mystery, I'm not an attorney and that's who you should speak with. But my opinion is no. Sounds like a collection agency if you ask me. I'm not familiar with how the foreclosure process works in CA but in NY once the bank gets the deed, they are responsible for the HOA fees from that point forward. Anything before that is typically a loss. That's not to say they won't still come after you for it. Speak to a good Real Estate Attorney familiar with the foreclosure laws in your state. Good luck.

Tue Sep 30 2008, 17:38

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