Hi everyone - I was hoping to get some advice and a recommendation of a good RE attorney.
So here is my situation - an HOA foreclosed on a house and I was the winning bidder at the sheriff sale. So I paid 27,000 in HOA dues and I have the sheriff's deed to the property. I took possession of the property.
However, there is a mortgage from 2002 and a junior mortgage. I was able to get in touch with the mortgage company. The lady refused to talk specifics [because I am not the mortgage holder] but she said that the property has 300,000 in mortgages. The original mortgage was 144,000 and I heard that the junior mortgage falls off [it was a tiny 32K]. I am willing to pay this 144,000 - although I am sure the original mortgage is less. But I don't know what these late payments/fees, etc are. No lis pendens have been filed in the history of the prior owner/this property.
Anyway, I need to engage a good RE attorney to negotiate with the bank on my behalf.
