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Homeowner Defenses That Could Be Used in the HOA Foreclosure Process. As an HOA Board member you may be faced with the task of having to make the decision to foreclose on homes in your association. Weâve all been challenged by the financial climate these last few years and it is going to take some time to bounce back.
In addition, Fannie Mae currently requires servicers to ensure any priority liens for delinquent HOA dues and. assessments on acquired properties are cleared immediately, but no later than 30 days, after the foreclosure. sale or acceptance of a deed-in-lieu of foreclosure.