HOA Dues and Title Insurance

[Charles Chambers]

George:

Great information you are providing! Thanks!

After buying a tax lien at the auction, would the HOA dues be the trusts responsibility?

Second, in class you mentioned to wait for the deed. After the deed is received and the property sold, would the trust be able to provide title insurance to the seller?

Thanks again! Looking forward to your next class!

Charles

[George Roddy, Jr.]

Charles,

Yes. After the auction (whether Trustee or Tax) you would be responsible for any HOA dues from the auction date forward.

Title insurance- Depends on the title company. Most title co. underwriters do not want to insurance the title because they fear the possibility of litigation due to non-notice provided to all "interested parties" (people who hold any interest in the property). Refer to page 10 of the Tax Lien manual that you received from the course. I go into the 2 ways to get title insurance.

George