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It has become an almost daily occurance…. short sale transactions involving condominium or homeowner’s associations that have taken title to the property in a foreclosure action/judicial sale. How do you work these deals? Just “who” is the seller in such a transaction? Can these deals get done at all?
Homeowners Association or Condominium Association foreclosures present a unique set of problems when contemplating a short sale.
If you are currently working a shortsale with an active HOA foreclosure action, or – worse – a shortsale where the association has already taken back title to the property then you will find this short video post extremely informative.
To Your Success!
Thomas Heimann
“Mr. Shortsales”
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