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Updated over 3 years ago on . Most recent reply

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Larry Ott
  • Investor
  • New Albany, IN
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Past due HOA fees on just purchased property.

Larry Ott
  • Investor
  • New Albany, IN
Posted

I recently purchased a SFR property near Ft Myers, FL at auction. It was a foreclosure property purchased through a sheriffs sale. I completed a normal title search and upon sale purchased a title policy. I have a clear title.

It is in a gated community, I contacted the HOA to get set up with them and now find that there is a little over $4,000.00 in back HOA fees that they are looking to me to pay. These fees go back over a year.

My question is: Has anyone had experience with a situation like this, am I am just going to get stuck paying these fees?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Larry Ott Yes, in Fl the his debt stays with the property after a bank foreclosure, whether there was a lien filed or not. I bought a personal home there in 2010, same thing....$3,200.  
Some will say contact your title insurance, but I’m sure there was an Exception, in either the A or B section, since the title company obviously knew you bought at a foreclosure auction. 
Lee county was much more fun when the auctions were still live, and they had 150 houses a day. 

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