Posted on: 05th Jan, 2010 07:13 pm
The Lender continues to postpone the TTee's sale on a purchase money Trust Deed in AZ (no dificiency judgment). I want it over because the HOA is $200 a month. As long as the home is in my name, I'm responsible for the HOA and that debt will follow me 4ever.
Hi Guest,
As long as you are the legal owner of the property, you will remain responsible for the HOA fee payments. In case the lender continues to postpone the trustee's sale, you can request them to do a deed in lieu (DIL) of foreclosure on the property. This will allow you to sign over the property to your lender so they get the title without having to foreclose the property.
As long as you are the legal owner of the property, you will remain responsible for the HOA fee payments. In case the lender continues to postpone the trustee's sale, you can request them to do a deed in lieu (DIL) of foreclosure on the property. This will allow you to sign over the property to your lender so they get the title without having to foreclose the property.
Hi Guest!
Welcome to forums!
Did the lender give you any reason for postponing the sale of the property? If not, then you should ask your lender to speed up the process. I don't think the lender will allow you to transfer the property in their name. You need to speak to your attorney in this regard and then take the needful step.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Did the lender give you any reason for postponing the sale of the property? If not, then you should ask your lender to speed up the process. I don't think the lender will allow you to transfer the property in their name. You need to speak to your attorney in this regard and then take the needful step.
Feel free to ask if you've further queries.
Sussane