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<p class="MsoNormal"><span style="color:#1F497D">That is awesome, but I doubt it. Look at the governing documents of the Condo. They almost ALWAYS subordinate COA liens to the first mortgage.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Jim Doran<br>
<b>Sent:</b> Tuesday, February 24, 2015 1:46 PM<br>
<b>To:</b> 'WSBA Real Property Listserv'<br>
<b>Subject:</b> [WSBARP] Condo HOA Lien Foreclosure<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">I do not do much condo work so here is a question for you all.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">The condo owner did not pay his HOA dues and a sheriff’s sale was done. The purchaser at the sheriff’s sale has brought in a quote from somewhere saying that “in some states” the HOA liens are considered
“super priority liens”. The quote further says that if the HOA forecloses the super line, such as in this case, it may eliminate the first mortgage. In this case CitiMortgage has a $60,000 mortgage.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Does the foreclosure and Sheriff’s Sale brought by the HOA for dues eliminate the CitiMortgage underlying DOT and Note?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Thanks.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">(My instincts say “No, it does not”.)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">James R. Doran<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">100 E. Pine Street – Suite 205<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Bellingham, WA 98225<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">(360)393-9506<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt"><a href="mailto:jim@doranlegal.com">jim@doranlegal.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt"><a href="http://www.doranlegal.com">www.doranlegal.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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