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Can a homeowners association foreclose on your house?

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    Bob Massi answers your housing questions

  • Duration 4:16
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Foreclosure bankruptcy in trouble with lenders last weekend in Fort Myers, Florida real estate.

But guru Bob -- answered many common questions from homeowners.

During his rebuilding your dreams seminar and Bob.

Today but he's gone home to Las Vegas good morning to you -- That we have to Valentine's Day to Gretchen and everybody else please all right I think -- much right these are some of the common questions that were asked have you.

Last week and of course every time people see -- first one is.

Why can't a homeowner's association for clothes on your house.

Well because.

In almost every state of the union would you pay your dues if you felt a pay.

-- Chile has lien rights mean they could put a lien against your property.

That also means they have the right to foreclose on your property just like a lender and that happens a lot happens in Florida and as we were talk and Steve before.

There is actually in in very affluent areas now lenders are not loaning money.

To these large homes to buy because of the -- -- -- Haitians so many places are vacant.

They don't want to lend money intended blighted areas even a beautiful areas of Las Vegas new York and places like that such a.

Common problem yet because.

You know it if they're gonna give you money for a new fabulous house but you're in a neighborhood that's underwater then they might be on the hook again.

Absolutely right that's why they're not lending in MF that you pointed out there was an article in the Wall Street Journal -- us about that teaches you stuff all right here's -- question number two Bob.

I have inherited my parents' house and I want to talk to the lender but they won't talk to me.

Why and what can I do that's a good one another another common quite.

And last week -- -- emails that I get look if you're somebody your loved one dies you're not on that -- you're not on that alone.

So the lender is reluctant to talk to you if you have a live.

If that person -- a living trust deed and you were appointed as his successor trustee and you prove that you are.

Then they could talk to you.

If there was not a -- has to be -- -- you have to be appointed and authority of the special administrator or the administrator of the state.

They have the right to talk to those people but here's the deal.

If you want -- home.

You're gonna have to go get a new loan for that home because you're not the one on that -- -- to go qualify and finally.

If that homes underwater.

You as the air have to -- side.

Why would I want to take a home -- even though mom and dad may have left of the me why take a home.

Let it go to foreclosure and move on it so it sounds like you're advice is.

Get your name on the paper.

Get appointed the authority through the courts get an estate lawyer that -- probate.

To give you advice as to what you can do to be able to negotiate and talk with the lender.

Otherwise this is going to be a hassle -- -- third question for today mr.

Massey I filed bankruptcy and I am still in my home.

And what -- my exposure if I walk away because the bank won't deal with me at Paul.

Depending upon the type of bankruptcy you filed a chapter seven or thirteen.

If that that's been discharge in other words Steve you're no longer responsible for the payment of the debt.

And the lender basically has -- got you to foreclose on a property and you're still living in the home.

You could walk away from that home you could say a body here when they beside the foreclose on it.

I don't have any debt responsibility had -- deficiency whatsoever but here's the -- You're still won the title to that all we talked about that a few weeks ago and one of the things myself and other words I spoke to when Florida other parts.

They're telling the people if you want to get out from under this title not to responds -- property taxes H -- -- Get a quick -- indeed sir -- getting to the service are recorded at the recorders office where the homes located.

And get your name off the title it's -- something you could do.

Get legal advice on this -- before you do it please you can't just throw the keys in Italy.

-- room and walk out and never come back because it's gonna haunt you.

Absolutely right all right by the way if folks up there in TV land have housing questions for Bob.

Email him at this address right there log on -- FOX & Friends -- -- and he mailbox -- Mr.

Massey thank you very much.

Thank -- -- -- a great day in Vegas.

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