Not Your Usual (Tax)
Foreclosure
article about a couple who became the legal, title owners bought a street! But how could they buy a street within a homeowner’s association without the owners’ approval? Turns out, the homeowner’s association failed to pay several foreclosure auction.
not particularly common for a homeowner’s association’s proceedings if there are three or more years of unpaid the county must issue a certificate of delinquency and list all properties with three or more years’ delinquent through one complaint, owners receiving any such notice often think they were served in error, because they need to look through a huge list of names to find their name and summons must then be served on the owner of the property being foreclosed, either by personal service or by publication and mailing. Typically, counties in Washington publish the summons and mail the applicable documents to the owner via first class and certified mail to the address registered with the county. Pursuant to Washington State law, the owner then has 30 days to defend the action or pay the will then request that the Superior Court enter judgment against all owners who did not submit payment in full.
Once judgment is entered, the county can schedule the at the county court or administrative buildings; however, foreclosure sales via online auction. Anyone can pay the
payment is submitted in full no later than the day before the Of course, the longer you wait to pay the amounts owed, the more you will end up having to pay because interest, lawsuit continue to accrue.
recorded and the winning bidder will become the legal, title owner of the property. Unless procedural errors occurred
the association loses title ownership of its common area, could likely be in breach of a duty to owners. Second, the new owner may believe it would have control over the common area, including the ability to use the space as desired or charge owners for its use. Even if the association’s governing documents provide the owners with rights of use and prohibit developing or building any structures on the common area, the association will still have to deal with the new owner with regards to maintenance responsibilities and purchasing the property back. Additionally, if one or more owners bring a lawsuit against the association, whether or not they are ultimately successful in that claim, it could cost the association a substantial amount of money – including any damages awarded against the association, legal fees and costs incurred to defend the association, and/or increased insurance premiums.
common areas of the association on time! If a board or contact your legal counsel to help identify whether the county is attempting to foreclose on the association’s you may end-up with a whole headache of problems that comes with someone else owning the common area of your association.
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