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short sale

Posted by Francis on March 28, 2007 at 21:12:59:

Hi, i live in Miami, Florida. I can't afford to pay the mortgage on my condo anymore, and the association of my building have in debdt 260 000, they kept asking for more money to every owner, the building maintenance is terrible, i try to sell my condo but under thoses conditions it's almost impossible, and now the city just put a lien on the building because the association didn't pay for the water....it's a big mess....so to make a story short, i talk to the mortgage compagnie and they want to go for a short sale, but they couldn't answer my questions.....If they sell my condo under the mortgage balance that i own, can they make me pay for the difference?, what about the city taxes (i just receive them and it's 4000 $ more that i was told and can't afford to pay that)....and how long do i have before get evicted from my condo....please someone give me some answers..

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