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Bank claims HOA lien extinguished after foreclosure
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Court Report
Monday, August 15, 2022
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A bank acquired title at a sheriff’s sale after the mortgage foreclosure to property subject to a homeowners’ association (HOA) declaration of covenants. When the bank later sold the property, the HOA billed the bank for assessments for the period the bank held title to the property. The bank refused to pay and filed suit to divest the land from the HOA covenants and vacate the fees.
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