3/7/2012 9:50:44 AM
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: OPA Loses IRS Case Msg# 823922
|
||||||
Do not confuse property taxes with HOA assessments. You are correct that all property taxes must be paid at time of transfer. If a bank forecloses on a property all unpaid HOA assessment dollars are lost. From the date of foreclosure the bank becomes responsible for all future HOA assessments. | ||||||
|
||||||
For reference, the above message is a reply to a message where: On the issue of getting a judgement against delinquent properties if the property is "underwater" and the mortgage holder takes it back it's my understanding that the mortgage holder is responsible for all unpaid taxes. Is there a Forum member that's a lawyer or real estate broker that might have a better understanding of the rules? I also believe if the property is sold the tax judgement must be cleared before transfer of the deed can be completed so either way we would get our money. One more thing, when word gets out that the association is hammering delinquent owners maybe a few of them will get religion and pay up. My point is we have to start somewhere and do something sooner rather than later, the current process isn't going anywhere. |
Calendar |
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
4/26/2025 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |