Upcoming Foreclosures

My HOA in Florida just file Bankruptcy for $3000 debt I have with them. Will I loose my Condo because of this?

Back in November of 06 I missed 2 HOA payments because of financial distress. However I was able to make up these payments minus the $150 late charges that had been tacked on. Unfortunately I was never able to make up that $150 late fees, and although I was never late again on my regular HOA payment over the course of the year my late fees ballooned up to over $1k. I have tried to work things out with my HOA, but they insisted I need to pay all late fees at once to become current, which as I stated earlier I am unable to do. Since this time my HOA has acquired the services of a law firm to to retrieve the debt, and because of doing so my total fee is over $3000, and I now find myself in foreclosure. I am current on my Mortgage,a nd have been current for almost 2 years on my HOA (not including the late fees). I have a foreclosure date in a few weeks because of this, my question is can they take my home although they are not the primary lien holder, or does this just mean they will place a lien against my home in the amount that is owed, but I am allowed to stay in my home.. What are the Laws in Florida as it pertains to HOA's filing foreclosure. Please help...

Public Comments

1. Go hire a lawyer. Yes you can lose your condo. Your HOA is being totally unreasonable, and a lawyer may be able to stop this silliness. You should have done it long ago.
2. doesn't Florida have some Homestead law that provides you with protection from this? Call a lawyer. Today.
3. yes you can -If I were in your shoes I would try to refi my home asap and get the cash needed to become current.FHA will go up to 95% cash out and that may be the best and fastest way to clear this up I am a mortgage banker in TN & KY