Yes, even though the property is homestead property, if "you don't pay, you don't stay"
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You can be, but not until the property is sold at a court auction and a certificate of title is issued. That could be a long time from now depending on how fast the bank moves and how you defend the case. Speak with an experienced foreclosure attorney in your area about your options.
Yes you can. When you obtain a mortgage, the mortgage has your home put up as security for the money being lent to you. If you fail to pay the mortgage, then you will lose the condo, even though it is your homestead. This is true if it is a mortgage we are talking about that is trying to foreclose, since you did not specifically state whether it was. If it is not a mortgage, then we are in the realm of homestead exemption. This is a serious matter and you need to consult with a foreclosure attorney, such as myself, in order to determine your options and establish a game plan in order to save the condo.
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Just to be clear, not by the condo association. The bank or anyone who buys at the foreclosure sale can evict you, but not until they have a title issued to them. The condo association can foreclose even though the bank is already foreclosing and they can do so very quickly. They cannot evict you if they do not have title to your unit even though many condo associations will claim they can. Make sure you pay your condo assessments so they can't foreclose.
This communication is not intended to create an attorney/client relationship. It is always recommended you consult an attorney in person to discuss your case. The Law Offices of Stage & Associates practices state-wide and represents homeowners and community associations. Please visit our website at www.stagelaw.com.