Legal Question in Real Estate Law in California

Sequence of events:

1. NTS filed by the 1st loan.

2. The HOA files a lien against the owner.

3. The Homeowner is working out a loan modification with the 1st.

4. The HOA has refused to work with the owner. The HOA want to be paid in full.

5. If the loan modification goes through the homeowner will be able to make the new monthly payment and will set up an escrow account for PITI and will try to include the monthly HOA dues.

6. The Homeowner will not be able to pay off the HOA lien. The Homeowner will be able to make small monthly payments and at a later date pay off the balance of the lien.

7. What will happen if the Homeowner gets the loan modification and starts making two HOA monthly payments each month but cannot pay off the entire HOA lien immediately.

8. What will be the HOA next move?

Thanks for your help.

Respectfully,

Bill J. Sandlin Cell 510-579-9708 or 510-796-3403


Asked on 8/10/09, 12:59 pm

1 Answer from Attorneys



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