Legal Question in Real Estate Law in Florida

In Florida, when a bank forcloses on a condominium unit, but transfers title to the condominium complex until the bank finishes foreclosure procedures so that the complex can rent out the unit or sell it but no mortgage payments are made by the condo.

Is the complex responsible for homeowners insurance?

Taxes have already been paid for 2009. Will the condo complex have to pay 2010 taxes if the unit has not been sold at that time?

How much of the maintenance fees can the complex recover?

Other than repairs to the unit, will the complex be responsible for any other finances or expenses?

Is it possible to retract the transfer transaction and put back into place the liens against the property?

Will the bank's lien take precedence over the condo complex lien?


Asked on 2/04/10, 9:17 am

1 Answer from Attorneys
Lesly Longa Longa Law P.A.

You should ask the attorney that you hired to represent yourself/the condominium complex.

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Answered on 2/10/10, 8:06 am


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