Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Royal Palm Beach : Real Estate Advice

  • All77
  • Local Info4
  • Home Buying25
  • Home Selling1
  • Market Conditions3

Activity 14
Mon Mar 28, 2016
Antoinettezone answered:
1) If a fl judge gives a final judgement to foreclose on your primary home can u still file a chap 13 bankruptcy immediately afterwards to stop the foreclosure?

2) Can SSD or Long Term Disability funds (lump sum or monthly) be taken to pay debts?

Background :
Take out a chase HELOC in 2004 offering a fixed rate. Bank added almost $50,000.00 in unaccountable funds to loan. Has misapplied payments. Refuses to show more than $5,000.00 in cancelled checks for loan (checks only way to purchase). Bank refused my payments several months ago unless I refi or loan mod their incorrect balances.
... more
0 votes 12 answers Share Flag
Wed Mar 23, 2016
Todd.linnea asked:
We bought a home and lost it to foreclosure. Bank of America was our lender. Wells Fargo bought our home at auction and proceeded to filed a judgement against us for 255,000 and won.…
0 votes 0 Answers Share Flag
Sun Dec 28, 2014
Annette Lawrence answered:
Right in Orlando.

Many, many months ago, when you saw that advertisement regarding 'STOP FORECLOSURE' you should have call those folks. It is BEFORE the event that the opportunity to defend your position is available. Then you simply follow the instructions provided by the attorney.

At this time you are way to late to present and RIGHTS.
If someone else now owns the house, do you think they have no rights to THEIR property?

You need to start packing.
You need to chat with the new owner and explore if they are willing to RENT the house to you.
Perhaps the new owner will assist you with your move out expenses. This is NOT A RIGHT but simply a act of good will on behalf of the new owner.

Of course you have a third option. In Florida that usually means waiting until the sheriff arrives to impose the will of the owner upon you. If you don't own the property and do not have a lease or rental agreement in place, you don't have a right to be there.

Now, pick up the phone and call one of those 'stop foreclosure' attorney's in Orlando. They will provide a free consultation. It would have been so easy to create additional years of free living if only you had acted a few months earlier.
... more
0 votes 2 answers Share Flag
Fri Apr 25, 2014
Annette Lawrence answered:
Why? and Bank are incompatible terms.
Clearly the bank did not believe your $20,000 below listed price was reflective of the true market value.
So, they will give it another go.

By the way, when you were calculating your low ball offer, what did your REALTOR advise?

In the end they may sell for $50,000 less than your offer.
Why? and Bank are incompatible terms.
... more
0 votes 1 answer Share Flag
Tue Jan 14, 2014
Joan Lorberbaum Moore answered:
It depends on the type of auction. In an absolute auction the rules are the property must be sold to the person with the highest bid. In other auctions there could be a minimum that the bank will accept and if that price is not reached then the property is withdrawn and not sold. If you are talking about the county online foreclosure auctions then the banks are bidding for themselves as one step toward the foreclosure process. ... more
0 votes 5 answers Share Flag
Fri Sep 13, 2013
Annette Lawrence answered:
Be advised that Criag has done an exceptional task of alterting you that the BUYER is responsible for all things in an Auction. Even if there exists a list of disclosure items, you will find the contract willl remove all selling parties from liability for anything, especially ommissions.
You would be well advised to attend an auction, without intent to buy, just for the purpose of reviewing the purchase contract. Such an exercise should stimulate a bit of fear and bring you to the realization you really need to know what you are doing and have the resources and experience to verify everything.
The thrill of Winning an auction at $80,000 qickly disapates when the $200,000 debt shows up.
Proceed with caution. Many do buy through auctions. You should be aware, disclosures of any kind simply provide FALSE security. It will be the depth of one's legal representation that determines who is right.
... more
1 vote 2 answers Share Flag
Mon Sep 2, 2013
Craig Fialkowski answered:
Your rights all depend on when you leased the property and at what stage of foreclosure the property was in if it was even in foreclosure at the time. if you leased a property from the HOA that purchased their lien at sale, you probably have about 30 days to relocate. Chances are the lender that foreclosed, does not want anyone in the property when they are trying to sell it, although you may be able to get the lender to play ball by asking the banks listing agent for some help. ... more
0 votes 4 answers Share Flag
Tue Jun 4, 2013
Craig Fialkowski answered:
Your closing expenses should be less than $500. If they are not, someone is gauging you.
0 votes 4 answers Share Flag
Tue Jun 4, 2013
Craig Fialkowski answered:
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
0 votes 1 answer Share Flag
Tue Jun 4, 2013
Craig Fialkowski answered:
It's possible the Condo Association was the seller and an investor purchased the Lien. In this case teh investor will have Certificate of Title to the property and be able to collect the rent from you. Sit tight. I'm sure someone will contact you about your occupancy status and allow you time to relocate if needed. ... more
0 votes 3 answers Share Flag
Wed Sep 12, 2012
Jeremy Dysch & Kristine Flynn answered:
We handle multiple bank foreclosures out in Royal Palm, Loxahatchee and Wellington. May be able to give you business.
0 votes 2 answers Share Flag
Tue Dec 14, 2010
Marsha Mayer answered:
All good advise here. How long have the seller and HOA been negotiating? In my experience the HOA will usually accept 1 year's overdue HOA fees.

I would suggest you find out how much the difference ind...and ask your Realtor or your Attorney to offer a portion of what is considered 'due' in your behalf...if you feel the property worth it !

Good luck and focus on your goal!

Marsha Montoya Mayer- Realtor
Paradise Properties of Florida, Inc.
Cell: 561-329-0428
... more
0 votes 14 answers Share Flag
Sat Jul 10, 2010
Alma Kee answered:
Hi Norm,

The address didn't show up.

You can repost here and a Local Hollywood agent will help you or you can call a local trusted Realtor recommended by family or friends.

Good luck!
... more
0 votes 1 answer Share Flag
Search Advice
Foreclosure in Royal Palm Beach Zip Codes