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Foreclosure in Tampa : Real Estate Advice

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Activity 147
Tue Feb 21, 2017
Jonathan Klurfeld, Esq. answered:
You have 30 days from title issuing to the new buyer, which is 10 days after the sale date. It is possible that there is a loan modification in place, the bank typically wouldn't cancel the sale for that until the week of the sale. Loan mods are not reported to the court until after the 3 trial payments and it goes permanent, and the case is ready to be dismissed.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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Wed Jan 25, 2017
Tim asked:
Fri Nov 25, 2016
Jonathan Klurfeld, Esq. answered:
There is insurance for this but generally no one guarantees anything. The buyer/seller carry equal duty to do due diligence or retain a lawyer during the selling/purchasing process.


Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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Fri Nov 25, 2016
Jonathan Klurfeld, Esq. answered:
Things happen. Without more info it is impossible to answer. The owners may have filed multiple bankruptcies or something else.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question. ... more
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Fri Nov 25, 2016
Jonathan Klurfeld, Esq. answered:
Business decision of the bank. Beyond that no one knows. There may have also been a statute of limitations issue which was only just resolved by the Florida Supreme Court finally last week.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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Tue Nov 1, 2016
Alma Kee answered:
Hi Shana,

I may be able to assist you. Do you have proof of cash funds in your name dated within 30 days?

All the best,
Alma Kee
0 votes 1 answer Share Flag
Sun Oct 23, 2016
josh campbell answered:
hello

here is the list of states where foreclosure just started this month october 2016
1 Delaware
2 New Jersey
3. Maryland
4. Nevada
5. Florida
6. Illinois
7. South Carolina
8. Connecticut
9. Ohio
10. Massachusetts
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Mon May 30, 2016
Lidialia answered:
HOA liens are "super liens"! They go in front of first position mortgage, so they can foreclose the bank out, so the bank has a choice, pay off the lien with interest or loose their lien. Same with back property tax liens. Hope that helps.

In many instances Ron is correct.... HOA liens can be superior, but only when purchasing the lien rights to collect the outstanding debt. If you were to purchase that debt from the lienholder, you will be repaid for the face value of the debt plus an lawful interest and legal fees.

However, in Florida for instance, when a successful bidder buys a HOA lien at a foreclosure auction, they get title subject to the existing mortgages and other junior encumbrances. This is a good thing when the sum total of the outstanding liens are less than market value of the property. However, the OP clearly states the properties are underwater. Therefore, it would not make sense for the purchaser to payoff the existing mortgages.

Superior liens or not, when an HOA lien is paid of at a foreclosure auction, the successful bidder now owns the property subject to the inferior lien-holders. Since these are paid off, they cease to be a lien and therefore are no longer superior. Plus, you cannot put a lien on something you now own, so that money used to purchase the lien is now gone.

This is why both Eddie and me believe the investor buying these up must be renting out the property in order to make a profit. He may also have inside information which allows to take such a large gamble.

you and the homeowner and show them why its advantageous to short sale. Call me if I can help - http://ForeclosureProcess.net
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2 votes 16 answers Share Flag
Mon Apr 11, 2016
Alma Kee answered:
Hi Eve,

What's the address? It only shows "Sunset Park".

All the best,
Alma Kee
Heroes Team
Future Home Realty, Inc.
www.SoldOnTampa.com
"We give 25% of our commission back to our Heroes: Teachers, Health care workers, Military, Police, Firefighters, Veterans" ... more
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Sat Mar 19, 2016
cgcroberts asked:
Sun Mar 13, 2016
Anamul answered:
Has anyone had success buying from this D. Bank by contacting them before the Real Estate O. (REO) has been done or the house vacated? Ana in California
0 votes 14 answers Share Flag
Tue Nov 10, 2015
Alma Kee answered:
Hi Liz,

You may be able to get your mortgage brought current from money from the Hardest Hit Fund!

Go here and apply asap:

https://www.flhardesthithelp.org/

One of my friends was laid off and she not only got her mortgage brought current but they are also paying her monthly mortgage payment for up to 12 months!

Good luck!

All the best,
Alma and Teresa Kee
Alma Rose Kee, PA
Teresa Rose Kee
Future Home Realty
813-244-9898
www.SoldOnTampa.com
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Thu Aug 27, 2015
Alma Kee answered:
Yes they can even if you only owe $1.

You need to show up for the next Board of Directors meeting and make sure to work something out before you will also owe attorney fees and court costs. If you're already past that point then try to work out a repayment plan. You may even need to go to a bank or credit union to get a small mortgage so you can pay the HOA.

Here's a very helpful website about HOAs and Condos:

www.ccfj.net

If you are about to have your property foreclosed then you need to get an attorney to defend you until you can get the money together to pay your HOA dilinquent HOA dues.
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Tue Aug 18, 2015
Anabelmeo answered:
The bank has to verify that the unit is occupied, once they do they then go to thier lawyers to start eviciton if the foreclosure has been completed. There is something called cash for keys, where they will ask you to leave sooner than the courts can make you for a fee if you turn over your keys. http://ForeclosureIQ.com ... more
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Tue Aug 18, 2015
Anabelmeo answered:
I assume you have entered into the foreclosure process? If that is the case, the Attorney is the quickest way to help you postpone the foreclosure. If you are really interested in saving the house, have you tried a loan mod? http://ForeclosureIQ.com ... more
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Fri Aug 7, 2015
Alma Kee answered:
Normally after the non-jury trial there will be a foreclosure sale date set if the plaintiff wins. You can pull up the court docket on the Clerk's website to track and it will have the foreclosure sale date. Ten days after the foreclosure sale, the winning bidder can get a Certificate of Title and then they officially own the property. You can also pull up the auction results online to see if it went back to the foreclosing lender or if a cash investor purchased the house at the auction. If the lender gets the property back then they may send a local Realtor out to offer you "cash for keys" if you move out within 30 days. Possibly $2k...maybe higher if you're in a higher priced rental. If an investor wins the bid then Florida requires only 30 days notice for you to move out--even if you have 6 months left on your lease. The investor may not offer you any "cash for keys" to move out and may just file something with the court to ask a judge to issue a "writ of possession" and then the sheriff may show up and escort you out while the locks are changed. I'm not an attorney so you should verify everything if you want to be sure.

Are you the owner? You may have time to try a Short Sale. In Florida you will still owe the total outstanding judgement for many years to come so you should attempt a short sale and try to be forgiven any loss.

Let us know if you need help getting a Short Sale done. Also depending on who the lender is for your mortgage, you may be able to get $10k as a Short Sale relocation incentive!

Call, email or text us immediately if you're the owner and would like help with a Short Sale--no cost to you, the lender will also compensate us for doing the short sale.

All the best,
Alma and Teresa Kee
www.SoldOnTampa.com
Future Home Realty, Inc.
813-244-9898

PS If you're renting, the State of Florida has $15k for first time homebuyers to buy a home!
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