Unanswered
Hi, Ekaterina:
Yes, they absolutely can. Remember, pursuant to F.S. 720.3085, the Ass'n can go after successor owners for any and all amounts past due. I know. It's a terrible statute. When it went into effect, I remember thinking: "These HOAs have some amazing lobbyist!"
There are very few ways to defeat that statute, and avoid the liability, so the best thing is for the Ass'n to get its money from the auction. The good news is that they almost always do.
If there is any deficiency, though, you can be sure you'll get a bill from the Ass'n.
Best,
~ Jeff Harrington, Esq.
Harrington Legal Alliance
212 Views
0
Answers
one year ago
one year ago
You Asked & We ALL Answered!
Most Popular Questions
- Tax Deed vs Foreclosure Implications?
- Mortgage Reporting on Title Search?
- Estimating the loan balance on a Reverse mortgage?
- Pre-Foreclosure Info...?
- Tax Deed Sales & Canadian Investors??
Most Recent Questions
- many owner's name listed on tax deed sale?
- Tax deed over bid.?
- 1-on-1 Investor Training?
- When you win an HOA Foreclosure Auction, how do I deal with Mortgage??
- Surplus funds after a second lien foreclosure sale.?
Can you answer these questions?
- PropertyOnion to incorporate working with probates??
- Looking for creative buyers, seller finance in Marion County, FL?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
-
27422 days ago
-
1742 months ago
-
100one year ago
-
51one year ago
-
5012 months ago
-
30one year ago
-
27one year ago
-
26one year ago
-
23one year ago
-
20one year ago
Even if HOA accepted my bid as a plantiff on auction? E.g. there is final judjement amount of $50000 HOA is plaintiff and I bought it for $40000. Will they go after me for the $10000 after closing or this lien will be removed?