What notice is required to be provided to the HOA in the event that a first lien lender is commencing foreclosure proceedings? What rights does the HOA have in the event the lender is foreclosing?
Unless a proper address is recorded with the County Clerk as described herein, the association will receive no notice of the impending foreclosure and the associations interest in the property may be extinguished, perhaps forever. However, in the event proper notice of address is recorded in the public records at the appropriate County Clerk and Recorders office, notice will be provided of the foreclosure. The HOA has the right to cure the default or the right to redeem the property should it go to foreclosure sale.
