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Updated over 8 years ago on . Most recent reply
Hoa Broward county
HI BP,
Hoa is on title since 2012 after foreclosing on previous owner.
Two weeks ago bank is foreclosing and I'm the wining bid.
Final judgment for the hoa foreclosure was $8800 and the hoa took title for $9400 back in 2012.
Can you see a scenario which I have to pay them money?
@Chad U. Can you get Wayne Brooks on this post please.
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#1 Foreclosures Contributor
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#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
They have to credit the rent, or at least part of it. As mentioned, from the monthly rent you'd subtract out current monthly dues, and maybe a management fee. Also, they'd be entitled to deduct any repairs they did to the unit.
You need to talk to the renter, get their contact info for the future, talk to neighbors, find out all you can about how long it was rented, supposedly by the hoa.