Here is another common question - it's also relevant for a "normal" sale.

WHO PAYS THE HOA FEES, IF ANY?

The Home Owner Association (HOA) fee is paid by the seller.

Generally this fee will be paid in advance for the month of the closing and therefore will be pro-rated (some HOA fees are paid quarterly). The buyer is responsible for the portion from the closing until the end of the month and will reimburse the seller. If the HOA fee has not been paid, the seller will pay the portion owed up to closing and the buyer pays the balance. Usually there will be a document to certify that the HOA fees are paid in full. As a buyer this is something you will want to verify as part of the transaction since you do not want to be liable for the fees prior to the time you take ownership.

You will want to know if there are any special assessments or fees that are being levied by the HOA or will be in the future. This information should be obtained from the HOA and should be disclosed by the seller, but it is always wise to check. You can ask for the minutes of HOA meetings and the budget so you can determine if these are issues.

Previous Questions and Answers on Short Sales:

Who Pays the Taxes and Penalties?

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RE: Carlsbad Homes - Short Sale Questions and Answers (Part 2)