Legal Question in Real Estate Law in Florida

We bought a condo on foreclosure auction through the court, it was put on foreclosure by the HOA for unpaid fees. After we bought the condo we discovered it had a mortgage and motion for foreclosure by the bank. We are going to live in this condo until another foreclosure happens, probably in a couple of months. Is there some way for us to get some money back? Also, if we do not pay for HOA fees, will that affect my credit score? Or will it affect possibly being able to purchase another home in the future? We understood the HOA can put another lien on the condo.

Also how we can delay the bank�s foreclosure process in order to live in this house longer?


Asked on 1/08/11, 5:10 pm

2 Answers from Attorneys
Shelly Schellenberg MI & FL private practice

Money back? You are living in a condo, not paying the mortgage or HOA fees. What money are you expecting to get back?

Affecting your credit score? Any debt that you incur and don't pay may affect your credit score if the creditor reports the default.

How do you delay the process? Attorneys are not permitted to help persons to commit fraud.

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Answered on 1/13/11, 5:38 pm
Jacqueline Salcines Jacqueline A. Salcines, PA

You can typically negotiate with the existing lender to accept a negotiated settlement (10 to 30% of the amount owed) and have them release the mortgage. We are happy to assist if you need legal help. Thanks

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Answered on 1/17/11, 7:23 pm


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