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<p>There is a case from about 8-10 years ago where the HOA's
foreclosure wiped out the mortgage debt, but that was due to an
unintended quirk in the statutory language, such language having
since been corrected.<br>
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<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 1/20/2023 9:36 AM, Joseph McIntosh
wrote:<br>
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<p class="MsoNormal"><span style="color:#1F497D">Yes, because
PC’s interest acquired at HOA sale was encumbered w/ the
mortgage. PC stepped into the shoes of the homeowner. PC
did not acquire any greater interest. A mortgage
foreclosure may result in a redemption right, however. <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>
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a>
<b>On Behalf Of </b>Jimmy Garg<br>
<b>Sent:</b> Friday, January 20, 2023 9:06 AM<br>
<b>To:</b> WSBA Real Property Listserv
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp@lists.wsbarppt.com"><wsbarp@lists.wsbarppt.com></a><br>
<b>Subject:</b> [WSBARP] Interest in Property<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Does anyone have any experience with this
question:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">PC purchased debtor/homeowner’s interest at
a Sheriff’s sale last year after the property was foreclosed
on by the HOA for failure to pay HOA dues/late fees/interest.
Subsequent to that the first mortgage foreclosed on the
property and sold the property to another party at a separate
foreclosure sale. Is PC’s interest in property wiped by the
subsequent foreclosure by the primary mortgage?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Jimmy Garg, Esq.<o:p></o:p></p>
<p class="MsoNormal">Jimmy Garg, PLLC<o:p></o:p></p>
<p class="MsoNormal">300 Lenora Street # 1063<br>
Seattle, WA 98121 <o:p></o:p></p>
<p class="MsoNormal">206-580-3790 (p) 206-736-3218 (f)<o:p></o:p></p>
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<pre class="moz-quote-pre" wrap="">***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***
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