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Re: Foreclosure timetable

Posted by Treasure on August 21, 2001 at 10:03 AM

In Reply to: Foreclosure timetable posted by Patty Smith on August 21, 2001 at 9:17 AM

: I live in Florida. The Condo Association Board of Directors is foreclosing on the lein they placed on my unit for failure to pay monthly maintenance fees. On 6 September 2001, they will file a Motion for Final Judgement at a hearing in the Judge's chambers. There has been no other hearing. If the Judge does grant their motion, I know he will set a sale date. Can anyone give me an idea of when the sale date might be? 7 days? 14 days? Or longer? Also is there anything I can do after the date is set to try to keep my condo?

I live in Stuart, Martin County, and it's pretty typical here
that the Judge at just about all hearings for summary or final
judgement sets the sale date 30 days out. If your property is
listed, you can go into the hearing with your real estate agent
and the judge may give you 60 days, but usually that's it. Of
course, it could be different in your county. You can go to
these hearings, they are always with one certain judge here
and always on Tuesday, if you're interested. Each takes 5
minutes or less, that's all.

I am assuming there are more problems in addition to late
condo fees. Let me know if you'd like.

It's actually quite unusual here to lose your property to a
Condo Association. If you could tell me a little more about
your situation, I may know someone in your area who can help
you out. What county is your condo located in? Do you have a
mortgage on the property? Mortgages? Are they foreclosing too?
Late? Back Taxes? What is your condo worth? Are you trying to
sell it? I hope everything works out okay.



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