[Dane_62]

This month we've come to the sad realization that we need to give up and let our home go into foreclosure ( I'm not looking for advice on how to "save" it.) We were already behind on our HOA dues and had paid 1,000 or 2,000 owed to the collection company. Now because we'll be 5 days late on the second half they want to charge us an extra $500.

So we're thinking we may just not pay it. My question is how will it effect us if our HOA forecloses before our mortgage company?

By the way, I live in California. I'd really like authoritative references if you can provide them.

[admin]

An HOA foreclosure is the same as any other. 1st position gets paid first and down the line until the money paid for the property runs out then if recourse loan possible deficiency judgment