Legal Question in Real Estate Law in Florida
I am a tenant whose lease is to expire in a month. The home is going into foreclosure, but in the mean time the HOA is listed on the property appraisers office as owner by lien of title. Basically there is a lien on the property because the HOA fees have not been paid for a year. Does the HOA have the authority to renew my lease? I have heard about putting my rent into an escrow account for when the bank finally does take possession of the house. Is this correct?? I wouldn't bother, but I would actually like to purchase the home and I heard the banks typically ask the tenant living there first if they would like to purchase the property. What should I do? Try to find the bank who holds the mortgage or let the HOA draw up a lease? I do not want them to use me as extra income when I could put the money into an escrow account for later possible use.
1 Answer from Attorneys
A lien does not give title. Contact the mortgage holder directly.