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It's unclear from your question who owns the property, who is foreclosing on the unit and the reason for the foreclosure.
If you own the property, and you owe money -- either to a lender, to a tax authority or to the association for over-due assessments -- foreclosure should not be a surprise.
Foreclosure is usually accomplished either by a lender, a tax authority including the IRS, a co-owner, or the association.
Before action for foreclosure begins, the owner has been notified, warned, advised and otherwise informed of options in lieu of foreclosure, but that foreclosure is a possibility.
If not before now, the foreclosure action has your attention. You can attempt to work out a different result with whomever has taken the foreclosure action, which may prevent you losing your residence.
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∙ 13y ago
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What to expect in foreclosure of condo not primary home?
The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.
After the bank forecloses on a condo do you pay HOA fees in Florida?
Association assessments are paid by the owner of record. If your name remains on the deed, you owe assessments.In most cases, the homeowner or unit owner is responsible for paying the HOA fees prior to the foreclosure. Once the lender takes legal possession by foreclosure no further fees are added to the amount due but the HOA can pursue payment of the past due amount. In Florida, an HOA can go after a homeowner for past due fees even after the bank has foreclosed by using the process used for a 'deficiency judgment'.
Can an HOA force a foreclosure on a property in Las Vegas NV?
Any legally established Condominium or Home Owners Association incorporated under the laws of the state has the power to file a lien for unpaid dues and assessments. Check the state laws governing these associations.
Is it a conflict of interest for a director of an HOA in Florida to work for a vendor who has a contract with the HOA?
Yes.
How do you find Realtors that do foreclosure properties in Jacksonville Florida?
How do you find realtors that do foreclosure properties in Jacksonville Florida
What happens to you in foreclosure of your condominium?
When your condominium is foreclosed upon, the lender assumes ownership of the unit. You may be able to work with the lender to finalize a date by which you will vacate the property; it's unreasonable that you should be allowed to maintain a household in the unit if you do not own it.
Who is responsible for hoa fees when foreclosure occurs?
The titled owner is responsible for HOA assessments, whether it be the fore-closed-up owner or the bank -- when the bank takes over title to the property.
How many payments missed before foreclosure starts in Florida?
Different places can have various restrictions when it comes to foreclosure. However, in Florida you can miss 3 payments and then the foreclosure will start.
Who pays the property taxes for a condominium unit in Florida?
If Florida is like most other states, a condominium unit owner pays property taxes for the unit.
In Florida how much can a HOA charge in fees for paying HOA fees late?
You can find the answer you want in your governing documents.
Can a condominium association force a foreclosure of your home?
Yes. Read your governing documents to determine when this act takes place.
What is the foreclosure procedure in Florida?
The entire legal procedure for foreclosure is too long to reproduce here. You can review the procedure for Florida at the link below.
