Legal Question in Real Estate Law in Florida
if I buy a condo under a corp. name in a foreclosure auction do I have to pay more then 12 month or 1% fee to the HOA?
Asked on 7/29/10, 11:11 am
1 Answer from Attorneys
Jean Winters
Winters & Winters, PA
Yes. You would have to pay all the outstanding assessments. Only the first mortgagee is entitled to protection under the statute. In fact, if the first mortgagee assigned the bid, the assignee would also not be protected under 720.3085.
Answered on 8/03/10, 11:31 am
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