Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

21,074
Posts
18,642
Votes
Chris Seveney
  • Investor
  • Virginia
18,642
Votes |
21,074
Posts

Florida HOA Safe Harbor with Multiple Associations after FC

Chris Seveney
  • Investor
  • Virginia
ModeratorPosted

So I figured I would share this with everyone see if anyone has any experience with this and provide insight:

Backstory, foreclosed on a condo in florida which the original mortgage was only $31k. HOA fees are $350/month but there are 3 HOA's. I asked my attorney (who did not file a motion to determine amounts how much I ow) and he was completely clueless to what the answer was (no surprise honestly).

Anyone @wayne brooks have any comment

  • Chris Seveney
business profile image
7e investments
5.0 stars
3 Reviews

Most Popular Reply

User Stats

486
Posts
216
Votes
Roman M.
  • Investor
  • Miami Beach, FL
216
Votes |
486
Posts
Roman M.
  • Investor
  • Miami Beach, FL
Replied

Its 1% if assoc was named and lis pendens was recorded. I had foreclosed one unit that had $17k condo lien and paid 1% ater FC. Assoc did not want to accept but we filed a motion to determine and judge ordered that assoc is owed 1%. Lien was wiped out by an order. 

Loading replies...