I am in receipt of a notice that the recorded assessment lien will be auctioned from appointed association agent. I am aware of the 90 day redemption period.
My unit is encumbered by a VA 1st Trust Deed that is also in default, that is in excess of market value.
Question: if the lien is sold at auction, and the bidder chooses to proceed to a non-judicial foreclosure, is the VA loan assumable by a non-veteran bidder or must it be paid in full? Thanks.