I bought a condo unit at foreclosure auction. when i went to visit the unit for the first time the previous owner was living in it. I agree to keep him in the unit as he is trying to buy the unit from me or have his brother buy it. Now here is the problem: the condo association said that they will start charging $100 per day because the previous live there. I told them the previous own want to buy it; they said no. He has to move out and i have to sell it to them. now I don't have $100 per day. I will foreclose on my unit. Can a lawyer charge me very little to give a a phone call on my behalf or how can i find a lawyer to send them a few letter for a minimum amount of money? Maybe they will start the foreclosure process?
It's possible to get good deals on property at real estate auctions, but you may need a lot of cash, and there can be risks, such as poor conditions and liens.
If you miss too many mortgage payments, your lender can start foreclosure proceedings to take ownership of the property, but it has to follow your state's laws.