Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does an assignment of deed trust release me from having to pay the HOA dues?

0
Posted

Does an assignment of deed trust release me from having to pay the HOA dues?

0

I am not sure of your situation based on the wording of your question. But in general an assigment of a deed of trust simply means that the owner of the deed of trust has sold it to a new lender. It would not effect that obligation of the borrower to pay the debt that it secures, and it would not affect the rights of the homeowners’ association to collect dues, including by placing a lien against the property for unpaid dues. However, if you believe that you will lose the property in foreclosure, then there may be no benefit to you to pay the homeowners’ association dues, unless you believe that the homeowners’ association will be able to collect the dues from your other assets or your pay if it loses its lien against the property because of the bank foreclosure. DISCLAIMER: This answer does not constitute legal advice nor does it form an attorney-client relationship between the questioner and responder. You should seek competent legal counsel in your jurisdiction to address any specif

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.