Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

51
Posts
3
Votes
Lucky B.
  • Investor
  • Clermont, FL
3
Votes |
51
Posts

US government not claiming their money

Lucky B.
  • Investor
  • Clermont, FL
Posted

I was the successful bidder and unfortunately i paid 50k over the plaintiff max bid, well someone else was bidding the price up too, but long story short, i ended up selling the property, and i made some money. has there been any new laws or method to claim that money, the prior owners did not claim it. 

I am the type of person that likes to settle my debt, and problems quickly, so i contacted the HOA and asked them for a payoff because i thought that more fees and interest would be piling on since i inherited the debt.

Another investor told me that i should not have paid the HOA so quickly, that i should have let them go to the court. and get their money from the surplus funds. Is this correct ? If correct, can i get a lawyer to sue the HOA lawyer for misleading me, that i needed to pay them. The HOA payoff cost me 6k.

Also the clerk of the court verified that the surplus money is still with the court and if the HUD doesn't want it over so many months, then i would like to know if there is a way to get it .

Loading replies...