My question involves a condominium located in the State of: California
We own a first position note on a condo with delinquent HOA and a lien on the title but the 2nd refuses to negotiate a reasonable settlement.
After foreclosure the 2nd will get wiped out and the borrower remains responsible for the delinquent HOA, although an unenforceable lien remains on the title.
If we pay off the 2nd to get a DIL, we save the time and foreclosure cost but what happens with the prior HOA ?

