[WSBAPT] foreclosure purchaser referral needed

[Paul Neumiller]

I had a similar situation where the HOA sued the Bank, the 

Bank paid the HOA six months of dues, thereby preserving its lien and then
got dismissed from the foreclosure proceeding.  I didn't come up with
anything other than buyer beware.  I would love to hear if there are ways to
preserve the buyer's purchase the bank.  Please post if you get any answers
off-line.

 



 

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Kameron Cayce
Sent: Tuesday, February 10, 2015 2:01 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] foreclosure purchaser referral needed

 

PC purchased two condominiums at sheriffs sales arising out of a foreclosure
of the homeowners associations lien for unpaid dues. Purchaser, a retired
engineer, had no experience in bidding at a sheriff sale. He has since
learned that the liens being foreclosed were Junior liens to fairly
substantial first deeds of trust. Those deeds of trust are now in
foreclosure (the first scheduled for May) and he is trying to determine what
if anything he can do. I think he's got a real problem but this is beyond my
expertise so I told him I would put it out to the listserv to see if there
are any takers. I will forward him any replies. Thank you in advance

 

 

Kameron C. Cayce

cayce|grove LAW OFFICES

 <mailto:grifan at caycegrove.com> kam at caycegrove.com 

 <http://www.caycegrove.com/> www.caycegrove.com 

425.255.0603

 

 

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