You are saying that your Home Owners Assocation (HOA) made a bid at the auction (foreclosure auction in my opinion) and their bid won? If that is the case then 1: the unit is no longer in foreclosure and the HOA is the new owner; and yes, as the new owner the right to charge you rent or ask you to leave according to whatever the Texas law is for owners that are still in the unit they just lost in foreclosure.... more
You mention that your home is "underwater" meaning that you owe more on it than it is worth. You also mention that it is in foreclosure status. One does not equal the other so you obviously have stopped paying your mortgage. When a home owner owes more on the house than it is worth and there is a hardship they can place their property on the market and once they receive an offer apply to their lender for a short sale.
By not paying the mortgage you lose the house. It sounds to me like that is not your goal but you are very upset and angry about lack of communication with the lender and you may have held back the mortgage to prove a point. They are not listening and will not listen. You must speak with people than will listen and can offer you solutions. The following link will take you to those people. http://portal.hud.gov/hudportal/HUD?src=/topics/avoiding_foreclosure
It is a shame that many people end up losing their property because no one will help them in the early stages. Please contact some of these people and see what avenue is available at this time to help you. If you can afford to hire an aggressive real estate attorney then I suggest you make arrangements to get caught up with the mortgage, get out of foreclosure status and begin the process of renegotiating your loan. The new federal home owners programs may be able to help you.
Good luck.... more
Good Morning Molly;
Contact a real estate agent local to the property you have an interest.
Ask the agent for comparable sales in the area.
Ask the agent to find out if there are any ofther offers on the table.
Ask the agent for their opinion as to a good offer for the property.
With this information you will be able to make an offer which could get you this home.
Good Luck!!... more
It's very possible. However it depends on several variables. Average time on the market is currently about 4 months in Central Florida, and there haven't been any sales recorded in the MLS for your community in the past 12 months, so it would require both an aggressive Realtor with an outstanding marketing plan, as well as aggressive pricing. It looks as if you paid considerably more than today's value. Unless you had a large downpayment when you bought, you would need to bring cash to closing when you sell. If that's not a possibility, you'll need a Realtor who knows how to negotiate a "short sale" with the bank. I live and work primarily in Sanford and I work with many short sales. I'd love to learn more about your situation to see if I could help you. Please give me a call at 407-538-0127 and we can discuss it in more detail.... more
Perhaps copies of the letters from the trustee? Or the lender? Or copies of whatever's been filed at the courthouse.
Ask whoever's requesting that proof for information on what documentation they'll accept and whether--for instance--that documentation has to be notarized.
Hope that helps.... more
You are still obligated to pay your rent. If you are not comfortable staying in the property, give notice as per your lease requires. It takes an average of 700+ days to foreclose in Florida so you may have some time if a lis pendens was just filed.
For legal advice contact a real estate attorney.... more
There is only a couple of options in the Sanford/Lake Mary area. Regency Park at Lake Mary and Northlake Village in Sanford both have units in that price range. There arent many condo communities here. You have many more options if you look in the Longwood/Altamonte are but of course you will have a further drive. Call me if I can be of any assistance.
321 377 5450
J.R. Kroll Realty Corp... more