Not "ALL" HOA due in FL

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Posted by JT-IN on November 19, 2009 at 13:21:33:

In Reply to: Kristine... posted by acw on November 19, 2009 at 13:01:03:

There are limits as to what they can assess to the foreclosing lender... however I am not sure off the top of my head what a 3rd party buyers limit of liability is...

There was legislation introduced in FL in the last session of the house that went unpassed, and it expired. That legislation was going to make lenders 100% responsible for outstanding and back HOA dues. As it stands now, and I am going from memory so take this for what it is worth, the limit of obligation is 6 months of back dues... which is still stout in some cases. Be advised that many "condo-commando's" (that being the little blue-haired lady on the condo assn board), think that the law passed making a buyer 100% responsible to past dues... OR, if they can intimidate (or BS) their way into you believing that you are 100% responsible then the amount that you pay defrays the amount that the assn must absorb in lost fees.

So check the FL statute... or I will try to come up with a reference for you. With that info in hand you will begin to get a bunch of throat-clearing going on, which is what happens when they realize that they are CAUGHT in their misrepresentations.

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