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Updated about 6 years ago on . Most recent reply

User Stats

60
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2
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Brad Warshaw
2
Votes |
60
Posts

HOA Foreclosure Auction

Brad Warshaw
Posted

I won a bid in FL on a HOA foreclosure that has no mortgage. I found out after there is another association where there is a 32k balance I have to pay. I had a few questions.

1. If I just let it go back to foreclosure can they come after me post sale for any deficiency of judgement?

2. I bought it in my name I do not have title yet I should be getting that in a couple weeks. When I get title should I quit claim it to a LLC I own?

3. Do you think the association will negotiate with me.

Thank you for any help you can give.

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