[WSBARP] Homeowner Association Lien

[Lynn Arends]

Releasing the lien and settling debt are two different things.  The devil is in the details so the answer to your question as to the HOA later suing on the debt depends on the terms of their approval.  With a lender, it is all about the language in the short sale approval letter as to whether it is settling debt and releasing, or just releasing.

Sincerely,
Lynn Arends


    [Lynn Arends logo]          Lynn Arends
                     Attorney | Designated Broker
    LYNN ARENDS LAW GROUP, PLLC & LYNN ARENDS REALTY GROUP
                         323 1st Avenue West, Seattle, WA 98119

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From: Sandra Bates Gay <sgay at sbglaw-wa.com<mailto:sgay at sbglaw-wa.com>>
Organization: Sandra Bates Gay, PS
Reply-To: "sgay at sbglaw-wa.com<mailto:sgay at sbglaw-wa.com>" <sgay at sbglaw-wa.com<mailto:sgay at sbglaw-wa.com>>, WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Date: Friday, May 1, 2015 at 8:32 AM
To: "wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>" <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] Homeowner Association Lien

If unit is being transferred under a short sale and the HOA accepts less than total delinquencies in exchange for lien release, can HOA still pursue owner / seller for deficiency judgment?

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SANDRA BATES GAY, P.S.
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