Escambia, FL asked in Real Estate Law for Florida

Q: Who is responsible for the mortgage loan after HOA sells house?

I am in a situation where I did not pay my HOA dues. The HOA took ownership of my house and sold it for $8800. I am up to date on my mortgage payments, but still owe 100,000. I have read that the new buyer becomes responsible for the mortgage loan. Is this correct? Or am I still responsible for it? If I was to stop payment on the loan? What would happen?

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1 Lawyer Answer
Natalie F. Guerra-Valdes
Natalie F. Guerra-Valdes
  • Fort Lauderdale, FL
  • Licensed in Florida

A: That is incorrect. You are still responsible for making your mortgage payments, even if the house was sold to another party. If you stop making your mortgage payments, the bank may file a foreclosure action and seek damages against you. You should consult with an attorney regarding your case.

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