HOA foreclosure

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
#2
I actually think they may be required to honor the lease.
 

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
#4
I'm not an attorney so I can't say that's what it is for sure but I believe tenant rights would require a new owner to honor the terms of the lease unless the new owner offered the current tenant a buyout that was accepted by said tenant.
 

mayela

LoanSafe Member
#5
I'm not an attorney so I can't say that's what it is for sure but I believe tenant rights would require a new owner to honor the terms of the lease unless the new owner offered the current tenant a buyout that was accepted by said tenant.
Yes that would be correct in normal foreclosure circumstances, but it's questionable when an HOA forecloses and remains the owner of the home. Hopefully an attorney answers .
Thank You
 

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
#6
There are no active attorneys on this thread any longer.