If I Am Behind On My HOA Dues Can I Still Complete A Short Sale?

Hello everyone my name is Chris Bowers and I am the owner and team leader of the Bowers Team here in Arizona thank you for joining me today. I work with distressed property owners in Arizona every day and use this blog to share valuable information on your options for avoiding foreclosure. If you are unsure of what to do about your underwater mortgage fill out a contact form on my website or call me today to learn about all of your real estate options.

For my blog today I wanted to speak with Arizona homeowners about whether you need to pay your Home Association, or HOA, fees when considering a short sale. A lot of homeowners I talk to tell me they are concerned about attempting a short sale because they are also behind on their home association fees. Well thankfully I can tell you that I have gotten short sales approved for many homeowners who were in this exact situation. If you do fall behind on your HOA fees and the home is sold, whether traditionally or through a short sale, the HOA will be considered a lien holder and must be paid off before the home sale can close. I had a client call me last week who hadn’t paid their HOA in over three years but through a short sale got those fees included in the sale price of their home. For reasons like this it is always important to find a short sale agent who has experience working with HOA’s to make sure your short sale is handled correctly.

If you have questions on the short sale process or would like to get started on your file fill out a contact form on my website or call my office today to get started on selling your distressed property. Thank you for your time today and I hope to hear from you soon at the Bowers Team here in Arizona.

No Comments Yet.

Leave a comment