08-20-2012, 07:38 AM
So if the state fines and forces the HOA into bankruptcy does the state/county then put liens on the individual properties for the cost of fines/paving? Last time I was at the property tax lien sales I noticed a number of properties didn't get bid on, curious if this will just stick the county with a bunch of undeveloped lots with not way to recoup cash. I've noticed at the tax sales that the fees assessed by the county are increasing, and coupled with the decrease in property values the gap between tax sale amount and just buying it on the market is getting closer (especially on undeveloped parcels).