Q: I owe to the HOA but foreclosure is not in the bylaws. How can I satisfy the balance on the mortgage and move?
This is in Texas. The HOA put a lien a few years ago. I am current with my mortgage but not with the HOA. What is my best option to break even with the mortgage and get out of here?
A: Breaking even will depend on the amount remaining in mortgage debt, the amount owed to the HOA, and the purchase price. The HOA and mortgage will need to be paid off at the time of any sale or before.
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