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We got a great question the other day from a buyer of Association Foreclosure properties. He asked if a 2nd mortgage was superior to the Association lien foreclosure. That's when the Condominium, Homeowner or Property Owner Association is unpaid and forecloses its lien. A lot of people out the...
Homeowner, Condominium and Property Owner Associations have become much more active in proceeding to foreclosure sales on unpaid assessments than in years past. The reason is the fierce competition for first mortgage foreclosures caused by the quantity of buyers and the relentless bidding by lar...