how can you find out if the house you live in is in sale or if the house belongs to the bank already because the owner lost it?
Is there a way to rent my home from the bank that is foreclosing on my property? My house is under foreclosure as of yesterday. My home has not been purchased to have a tenant. I would like to stay in my home rather than give my money to a landlord.
Kieth, thank you for the following information:
Hello Marki,
In lieu of the real estate market, we’re encountering a plethora of unit owners behind on their homeowner association (HOA) dues. This potentially depreciates the value of the other unit owners who are current because banks will not refinance or lend to other unit owners/buyers when too many units are not making payments. Moreover, if the person is foreclosed, the property may sale for significantly less in the future. And this will negatively impact the value of the other units, widening the gap between what is owed and the property value.
We’ve been 100% successful in having all unit association dues paid in full by executing a short sale for those behind on payments. Additionally, this helps stabilize condominium prices. If you own a condo or know someone who does, and there are certain unit owners who are behind on their respective HOA dues, please contact us. We are willing to come to your next association meeting and discuss ways to salvage, maintain, and improve condominium values. For those out of state, we’d be available for a conference call.
Call us now to assist in making your HOA financially healthy and to protect you condominium value.
Regards,
Keith Fenceroy, JD/MBA
Legal Counsel
