Topic by snakechamber

  • snakechamber
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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 wasowned by mortgage company and hoa had lien and foreclosed before bank .l live in florida . any and allwould help thanks

  Reply by Psaa

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What happens after a hoa files foreclosure on the courthouse steps

sorry to hear this.but i will say that this is not a unique situation across the U.S.
here is a website that lists the foreclosure laws for each state, and timelines...

http://foreclosures.com/pages/state_laws.asp

hope this helps some.

good luck

  Reply by Pinglash

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What happens after a hoa files foreclosure on the courthouse steps

Do u guys not have an attorney that ur management company works with to advise u 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 does not have to deal with it other than turn it over to the management company.

I would not concern yourself with any of it.that is what the attorney & the management company is for, that is why they r getting paid.you need to call them so they can advise u accurately since none of us have a copy of ur HOA agreement.