Wednesday, November 26, 2014

In Indiana (Indianapolis,When a home is repossessed by a bank, are they responsible for the HOA payments. Can we take them to small claims c...

Question

In Indiana (Indianapolis,When a home is repossessed by a bank, are they responsible for the HOA payments. Can we take them to small claims court and then record the judgement. Will this put a mechanics lien on the property?



Answer

Not necessarily. You can take a judgment, but the HOA judgment is payable only after the bank's debt has been satisfied.



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