What am I responsible for?

[samson420]

The finally got a sale date on my house, it is a little less then 2 months away.

What happens if I leave earlier and my house gets ramsacked? I been through the other houses that went under around here and they are horrible. I looked at one and a week later all the copper was missing, the AC units were gone and there were giant holes in the ceiling.

Bad enough, I am responsible for the HOA until the house is out of my name.


Any ideas? Will they try to prosecute me? Or should I totally stay here until the sale date?

[doudis2]

This has been addressed several times in the forum. You are responsible until the title is x-fered out of your name. Keep insurance on it and pay your HOA fees. The taxes go with the house so do not pay those. If you really think your house will be ripped off you may have to use your insurance so you may consider a low deductible.

Get a good policy, then when you cancel in a couple months you get the balance back as a refund.

[samson420]

I have not paid for anything for almost a year, my escrow is paid by my financial institution.

This is what I kind of figured, just never seen mentioned.

[DaddyDavid]

In my situation-

I stopped paying everything, which forced the lender to pay the insurance premiums, and I also stopped paying the HOA also- that has to be paid in full at the trustee sale for the new buyer to take title. I never understood this 'the house is your responsibility to insure and protect and pay HOA fees' while at the same time defaulting on the mortgage, actually?? I didn't keep up anything, and I've never heard a word from any of them. They wweree just sold off at trustee sale.

[bulletproof77]

I stopped paying everything, which forced the lender to pay the insurance premiums, and I also stopped paying the HOA also- that has to be paid in full at the trustee sale for the new buyer to take title. I never understood this 'the house is your responsibility to insure and protect and pay HOA fees' while at the same time defaulting on the mortgage, actually?? I didn't keep up anything, and I've never heard a word from any of them. They wweree just sold off at trustee sale.

Exactly....I did the same thing..."Take my house and expect me to continue to pay upkeep and insurance"....No, not really...The banks put their own insurance on it if they really think you are serious about defaulting. Never paid a dime after NOD issued and NO problems...

[samson420]

Good to know. . . .