Why doesn't the HOA want their money to pay a lien ?

Why doesn't the HOA want their money to pay a lien ?

Investor · Clermont, FL · Member since 2015 · 51 posts · 3 votes

HI, i am looking for answers to my question from people who can answer based on their own experience and knowledge, without telling me to contact an attorney . I bought a home at a judicial foreclosure sale and i am aware their was a HOA lien, but their never obtained an judgement because the bank has filed a lis pendens. now, the HOA attorney is jerking me around and directly told me their prefer to file a lis pendens after i have obtained COT. this is scary because all the money i paid is at risk of forclosure because the hoa doesn't want to settle with me, the new owner directly. is the attorney jerking me around, does he have some kind of game plan up his sleeved to make more money ?

my plan is to pay it off so that i can flip it, but the jerk for an attorney is playing a fast one on me in my opinion, .

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Greg ScottPro Member
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
7y

Lucky:

As much as you don't want to hear it, I recommend you contact an attorney.   

An attorney might cost you a couple hundred bucks but solve your problem.  Bad advice from someone that does not know local laws will likely cost you everything you have in the house.  Your choice.

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  • Greg ScottPro Member
    Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
    7y

    Lucky:

    As much as you don't want to hear it, I recommend you contact an attorney.   

    An attorney might cost you a couple hundred bucks but solve your problem.  Bad advice from someone that does not know local laws will likely cost you everything you have in the house.  Your choice.

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    7y

    @Lucky B. What does the title company handling the purchase for you say?  I would contact them first.

  • Tom GimerBusiness Member
    DMV · Member since 2017 · 3k+ posts · 3k+ votes
    7y

    The HOA doesn't want to "settle" because they intend to get paid in full for all outstanding assessments and costs by someone... perhaps you. Request a payoff in writing from the attorney representing the HOA and pay... the balance is increasing.

    http://www.leg.state.fl.us/statutes/index.cfm?App_...

    Gimer Law516 Reviews
  • Attorney, CPA, Broker & Author · Scottsdale, AZ · Member since 2018 · 532 posts · 488 votes
    7y

    @Tom Gimer hit the nail right on the head ...

  • Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
    7y

    Check FL statutes, Some states have a cap on what the HOA can get after a foreclosure sale.

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