You are right, unfortunately your situation has been experienced by many due to the waves of foreclosures and short sales in the last 5 years.
I recommend you could hire an attorney experienced in Palm Beach County real estate .
Your attorney can let the Landlord, HOA and bank know you hired the attorney to represent you.
Julie Rosenthal, Broker, ABR, GRI, TRC, CAM, EcoBroker
Property Brokers International
E-mail: Julier6789@gmail.com... more
Most REO deals are processed through their " Closing Agent " .
These are Title Companies who are able to search the title,organize
outstanding charges , " pro-rate " unpaid taxes ,and issue
title Insurance to guarantee " clear title" They also handle recording
and "transfer " taxes. Most Title firms will give you general information
on usual and customary charge items. The Closing Agent involved
is the "absolute source ".
It is worthy to note here that Closing Costs are a "sub-set " of what
should be considered as true costs to close! Don't Forget inspections
if indicated, and Homeowners Insurance. If in doubt don't rule out an
attorney to review what you are doing! Best!
Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649... more
It's not rent skimming.
When an investor purchases the HOA or Condo association lien, they get a certificate of title, which means they control the property as if they owned it. It will still be subject to all other secured liens (1st mortgage etc..) that can foreclose on the Cert owner.
The new owner does not have to pay the mortgage since they are not the party that is liable on the NOTE.
They can rent for years before the bank forecloses and keep the money. It would be wise for them to pay the Association in order to keep getting the rent.
There is a law in FL where the association can demand the rent for deliquent owners.... more
Try contacting the banks who own the properties or the associations which have to maintain the vacant homes......
Sandra Gold - Realtor
The Infiniti Group International