I have run across a foreclosure that is about 2 weeks away from the trustee sale (auction). The foreclosure is being carried out because the homeowner’s are about 1.5 years behind in homeowner’s association dues. The house has quite a bit of equity in it…> 100K. My question is that in this situation why can’t the owner sell the house and use the proceeds to pay up the dues? The homeowner’s are still living there so I cannot get into the house. The outside is in good condition, new roof, needs some landscaping help.
Thanks in advance
Ci-Ci