Steps Foreclosures
What happens after a hoa files foreclosure on the courthouse steps?
Our condo has 12 units one in foreclosure and 2 have liens, and 4 others in collections. Hope we stay afloat the original owner signed off and gave deed to house flipper but we have had to sue both , the second owner owns the condo outright. after foreclosure what happens????? will we get our money????they owe after fees and attorney fees and late charges over 10,000. and what if it was owned by mortgage company and hoa had lien and foreclosed before bank .I live in florida . any and all answers would help thanks
Do you guys not have an attorney that your management company works with to advise you on these things?
Most places do…and they just charge all of the legal fees to the homeowner that let everything lapse…that way the HOA doesn’t have to deal with it other than turn it over to the management company.
I wouldn’t concern yourself with any of it…that is what the attorney and the management company is for, that is why they are getting paid…you need to call them so they can advise you accurately since none of us have a copy of your HOA agreement.
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