KathyU1 (California)
Posts: 1
Posts: 1
Posted:
Hello, new here, and am in need of help.
I am writing on behalf of our homeowner's association. We have nine units in our complex so it is very important that we have enough money in our general fund to cover our expenses. We currently have an owner who is behind for three months and they have been foreclosed on by their lender. Today, I did a search at our county building and found out that the property will be going to auction. We need to collect what is owed to the association from the lender. How do I go about this? Sueing for money owed? It is bank owned. Is there a certain procedure I must follow? Is this a small claims action or what kind of lien must I file?
I would really appreciate any help I can receive from those of you who are familar with Ca. HOA law, and procedure regarding collecting a debt, (ongoing until the property is sold), from a bank owned unit in our complex.
Thank you
I am writing on behalf of our homeowner's association. We have nine units in our complex so it is very important that we have enough money in our general fund to cover our expenses. We currently have an owner who is behind for three months and they have been foreclosed on by their lender. Today, I did a search at our county building and found out that the property will be going to auction. We need to collect what is owed to the association from the lender. How do I go about this? Sueing for money owed? It is bank owned. Is there a certain procedure I must follow? Is this a small claims action or what kind of lien must I file?
I would really appreciate any help I can receive from those of you who are familar with Ca. HOA law, and procedure regarding collecting a debt, (ongoing until the property is sold), from a bank owned unit in our complex.
Thank you