Helping You Obtain Surplus Proceeds From Your Condo Foreclosure Sale
The housing market has fluctuated and changed drastically over the past few years. This is why it is important for homeowners facing foreclosure on their houses or condominiums to seek out experienced legal counsel during and after a foreclosure sale.
Our Miami real estate lawyers at Ferrer Shane, PL, have been involved with clients in various stages of foreclosure throughout South Florida for several years. We are well-informed and remain up-to-date with any changes in condo foreclosure sale processes and procedures.
If you are facing foreclosure on your condo by your condominium association, call our law firm toll free at 888-609-5947 for experienced, knowledgeable legal representation. We can either help you defend the action or obtain any surplus proceeds from the foreclosure sale.
The Effect of Condominium Association Foreclosure Sales
Most condo owners purchased their condos through the use of a mortgage. If your condo association decides to foreclosure on your condo due to your lack of payment of fees, and sells your condo for a larger amount than what is due to the condo association, then you are due any of surplus proceeds.
These proceeds will not come to you automatically. Instead, you must follow an intricate process to obtain them. The skilled help of an experienced condo foreclosure sale attorney can be fundamental in this process.
If someone steps in to buy your condo in the foreclosure sale, that person will be buying that condo subject to any mortgage that is on the property. This means the mortgage lender has the ability to then step in and foreclose on the new owner. To best protect your interests throughout the mortgage foreclosure process, seek strong legal representation.
Contact Our South Florida Condominium Lien Attorneys
To seek your rightful proceeds after a foreclosure sale by your condo association, call us toll free at 888-609-5947 or e-mail our real estate attorneys. We take these cases on a contingency fee basis, which means you owe us nothing unless we recover the surplus proceeds for you.
