Hello: My name is Larry Jackson and I was wondering if someone could take a look at my foreclosure case currently with the Courthouse in Upper Marlboro Md. The following is the case number. I abandon the property over 9 years ago but for some reason the bank won't foreclosure on the property. I have accrued over $40,000 in condo fees and the association got a judgement against me for $25,000 currently.
http://casesearch.courts.state.md.us/ CAEF 14-27680
I have not done the case search, but it sounds like you need to file for bankruptcy.
If your name is on the title, then you are still the owner. And if the bank's deed of trust is still recorded, it continues to hold a lien. And you remain responsible, as owner, to the HOA. Walking away does not forgive a debt, and you can't easily force a lender to exercise it's rights to foreclose. If it does, then it will become responsible for the HOA fees. Has the property been vacant for 9 years? Or has someone been collecting rent? I can't imagine a 9 year vacancy, with nobody checking heat, water, etc. There is more to this story, I'm sure.
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Walking away from the property will not prompt the lender to foreclose. You may want to contact the lender to determine the status of the foreclosure. The lender could be delaying foreclosure of the property because of the market conditions.
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