What is a potential outcome if a third party purchases a property at a foreclosure sale?

Study for the Georgia Community Association Manager (CAM) License Exam. Use flashcards and multiple choice questions, with hints and explanations. Prepare for your certification!

The correct answer is that there may be full payment to the association for owed amounts if a third party purchases a property at a foreclosure sale. When a property is foreclosed, any existing liens, including those from homeowners' associations (HOAs), may be addressed during the sale. If the third-party buyer acquires the property, they may be required to settle any outstanding debts associated with the property, which can include unpaid assessments or fees owed to the HOA.

This outcome helps ensure that the association can recoup some of the financial losses caused by the previous owner's delinquency. The new owner, upon purchasing the property, takes on the responsibility for any dues or assessments due to the association from that point forward. Therefore, full payment to the HOA for the owed amounts is a potential and significant outcome of a foreclosure sale when a third party is involved.

In contrast, the other options do not accurately reflect typical outcomes. Immediate eviction of the current owner may occur in some situations but is not guaranteed and depends on legal proceedings. Reinstatement of services is also contingent on various factors, including whether the new owner takes action to fulfill the association's requirements. Lastly, while increased HOA fees could theoretically happen due to the need to cover financial gaps from unpaid

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