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would a lien agains my property that soon will be forclosed form the HOA will afect my credit

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SAMSAMMY662 Joined: 11 Feb 2009 Posts: 2 2.59 Dollars($)	Posted: Tue Jun 02, 2009 1:55 pm    Post subject: would a lien agains my property that soon will be forclosed Like 0 Dislike 0 would a lien agains my property that soon will be forclosed form the HOA will afect my credit...My property will be soon foreclosed (I hope) and I haven't paid the HOA for 3 months now.They sent me a letter requesting back payments plus a intent to lien fee.Should I just pay this so the lien won't show in my credit report plus the foreclosure, since after the foreclosure the ownership will change and I hope that I will be released from this obligation? How long do you think will take for the bank to foreclose since I missed payments from March 2009 to now. Thank you
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Wed Jun 03, 2009 2:16 am    Post subject: Like 0 Dislike 0 Hi SAMSAMMY If you pay off the back payments and the intent to lien fee, then the lender will no longer foreclose the property as you will be current on your mortgage payments. Thus, it will not appear on your credit report. Thanks. _________________ Good is the Enemy of Great.

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