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Florida Foreclosure Help, Florida Foreclosure News »

[17 Aug 2010 | No Comment | ]

According to The Sun Sentinel on 8/11/10,  Home Owner Associations are fighting back more aggressively against foreclosures and are taking units back through a process called “reverse foreclosure”.
Basically the association forecloses on the property and during the process petitions the court to assign a certificate of title to the bank. This triggers the payment of past due fees of up to one year’s worth.
Another bill that came into effect on July 1, authorizes the bank to demand payment from the tenant. Should they fail to pay,  the tenant is evicted …