Who is responsible for HOA dues after foreclosure in Florida?

I’m considering buying this home in Florida. It is a foreclosure, though, and I bet the prior owner was behind in the HOA fees. If I buy it, who is responsible for the HOA dues after foreclosure in Florida?

Find out if you’re getting ripped off on your car insurance in less than two minutes.
No spam · No long forms · No fees
Find savings (100% Free)
rating white
3.5k Ratings
Answer provided by
Shannon Martin
Answered on Jun 22, 2022
It is great that you are keeping the prior HOA fees in mind. In Florida, the new owner will be responsible for the HOA dues on a foreclosed property—however, that does not relieve the prior owner of the responsibility. Both parties are on the hook for the bill until it’s paid.
Florida also has a unique 12-month rule in regards to HOA fees. If a bank takes over the property, they must only pay the HOA the past 12 months of fees. If it is a short sale (the home sold below market value for a quick turnover) or a deed-in-lieu (the owner surrenders the home back to the bank), the total fees are still owed.
Ask the realtor how much is owned in the property because those fees can add up! The past due amount can include:
  • Assessments
  • Lawyer’s fees
  • Interest
  • Late charges
Since you are in the market for a new home, now is the perfect time to shop for a new and cheaper homeowners insurance policy. It’s this simple: download Jerry, the super app and in less than 45 seconds, Jerry collects all of your information from your existing insurer.
You can save even more money with one of our insurance bundles!

Here to save on car and home insurance? Great, you do that. We’ll do everything else.

Sign up in under a minute.
No need to fill out forms or shop around. Sign up in 45 seconds to start saving. Jerry does the rest.
Jerry collects and analyzes your current coverage.
Say hello to Jerry, your new insurance agent. We’ll contact your insurance company, review your current plan, then find the coverage that fits your needs and saves you money.
Get the best options before your renewal.
Jerry does all the picky, busy work by comparing prices and coverage from more than 50+ insurance companies. We compare what we find to your current policy and offer you the three best options before every renewal.