Comment

Comment by Juan-Manuel Valera Jr on March 24, 2011 at 2:23pm

I work as a Collections Account Manager for the Association that the lender foreclosed on the previous unit owner last year. The unit is empty and unattended for. Currently, it is not listed at all on the MLX or other sites. I found a fax # for Deutsche Bank in California and will be submitting to them the demand letter and unit ledger. If they ignore it, I will file a claim of lien against them and have it recorded. That way, they will be forced to contact us or the Association.

Comment by Mellissa Young-Ramirez on March 24, 2011 at 12:05pm

It sounds to me like you represent the beneficiary and apparently after taken property back through foreclosure, you have discovered existence of lien(s) potentially clouding clear title and filed by the HOA. Is correct? As for verifying Amy HOA recording, I'd suggest you get a preliminary title report or ask a title to check the chain for you and send you copies of any lien(s) outstanding snd if they are HOA related, you may need to pay them nonetheless, from what I hear, HOA's are not flexible or very cooperative and often seem to be very stubborn, when it's amounts that are due them. Now that "big" bank with deepers pockes has taken property back after foreclosure, why wouldn't they pressure you instead for payment. You will want the property sold right not sit on it and I would think you would maintain your recourse against previous borrower. therefore you pay and follow up on suing borrower later after this is cleared up