Full question:
I have abandoned my home in FL. What are the laws re insurance, HOA fees, etc.? Should I officially notify anyone?
- Category: Real Property
- Subcategory: Foreclosure
- Date:
- State: Florida
Answer:
As a property owner in Florida, you remain responsible for any property taxes owed on your abandoned home. If these taxes are not paid on time, a tax lien may be placed on the property. Similarly, overdue homeowners association (HOA) fees can also result in a lien.
If you have a mortgage, you are still obligated to make payments and maintain insurance on the property, as required by your mortgage agreement. Ignoring these obligations can lead to foreclosure.
Before considering bankruptcy, it’s advisable to contact your creditors to discuss your situation. Many creditors may be willing to work with you to create a more manageable payment plan. Open communication and honesty about your financial circumstances can be beneficial in these discussions.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.