can i live in an abandoned, foreclosed property?

[tickled.pink.kb]

What is the name of your state (only U.S. law)? Massachusetts

I live in a 9-unit condo association in MA.
In November of 2010, one of the unit owners died.
She left no will.
Family doesn't want the property.
We hired a lawyer to try & collect delinquent condo fees...currently at 17 months @ $175/month.
Our lawyer put a lien against Chase, the mortgage holder.
After a year, nothing has been resolved.
A lawyer in Newton, MA is representing Chase in the foreclosure process.
I can't get any answers from them!! aarrgghh...
Several people want to purchase the unit.
The condo association would also like to take possession & use it as a rental property...great condition, close to the ocean, desirable neighborhood, etc. could easily rent for $1000/month.
Do we have to wait for a Foreclosure Auction?
I have also contacted 4 real estate agents who work for different agencies in the city.
Not one of them could help me!
Any advice appreciated.
Thanks.

 

[nextwife]

What is the name of your state (only U.S. law)? Massachusetts

I live in a 9-unit condo association in MA.
In November of 2010, one of the unit owners died.
She left no will.
Family doesn't want the property.
We hired a lawyer to try & collect delinquent condo fees...currently at 17 months @ $175/month.
Our lawyer put a lien against Chase, the mortgage holder.
After a year, nothing has been resolved.
A lawyer in Newton, MA is representing Chase in the foreclosure process.
I can't get any answers from them!! aarrgghh...
Several people want to purchase the unit.
The condo association would also like to take possession & use it as a rental property...great condition, close to the ocean, desirable neighborhood, etc. could easily rent for $1000/month.
Do we have to wait for a Foreclosure Auction?
I have also contacted 4 real estate agents who work for different agencies in the city.
Not one of them could help me!
Any advice appreciated.
Thanks.

Yes, you must wait for the foreclosure.

Nobody can purchase the property until someone can legally SELL IT. If the family never filed probate, until it is foreclosed and CHase OWNS it, it cannot be sold.

It would be illegal for the association to do ANYTHING with this unit (like rent it or move in), other than file for surplus in the Chase foreclosure. The persons that want it can go to the Sheriff's Sale and outbid Chase if they wish.

I doubt your atty filed a LIEN against Chase, who is merely the creditor, they likely filed a lien on the condo. Which will be foreclosed out, most likely.

 

[HomeGuru]

Yes, you must wait for the foreclosure.

Nobody can purchase the property until someone can legally SELL IT. If the family never filed probate, until it is foreclosed and CHase OWNS it, it cannot be sold.

It would be illegal for the association to do ANYTHING with this unit (like rent it or move in), other than file for surplus in the Chase foreclosure. The persons that want it can go to the Sheriff's Sale and outbid Chase if they wish.

I doubt your atty filed a LIEN against Chase, who is merely the creditor, they likely filed a lien on the condo. Which will be foreclosed out, most likely.

**A: I agree. The OP does not have the correct facts.