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NOTICE OF DEFAULT AND
FORECLOSURE SALE
WHEREAS, on, September 2, 2005, a certain Mortgage was executed by Maria Sakelson, unmarried Mortgagor in favor of Academy Mortgage LLC which Mortgage was recorded September 16, 2005, in Official Records Book 14607, Page 367 in the Office of the Clerk of the Circuit Court for Pinellas County, Florida, (the “Mortgage”); and
WHEREAS, the Mortgage was assigned to Seattle Mortgage by Assignment recorded March 1, 2006 in Official Records Book 14959, Page 2262, in the Office of the Clerk of the Circuit Court for Pinellas County, Florida; and
WHEREAS, the Mortgage was assigned to Bank of America, N.A. by Assignment recorded July 6, 2007 in Official Records Book 15876, Page 1853, and re-recorded in Official Records Book 17515, Page 1291 in the Office of the Clerk of the Circuit Court for Pinellas County, Florida; and
WHEREAS, the Mortgage was assigned to Champion Mortgage Company by Assignment recorded November 26, 2012 in Official Records Book 17792, Page 2584 in the Office of the Clerk of the Circuit Court for Pinellas County, Florida; and
WHEREAS, the Mortgage was assigned to the United States Secretary of Housing and Urban Development (the “Secretary”), by Assignment recorded April 2, 2013 in Official Records Book 17946, Page 673, in the Office of the Clerk of the Circuit Court for Pinellas County, Florida; and
WHEREAS, the Mortgage is now owned by the Secretary; and
WHEREAS, a default has been made in the covenants and conditions of Section 9 of the Mortgage in that Mortgagor has failed to perform an obligation of the borrower under the security instrument securing the obligations hereunder, allowing liens to be recorded against the subject property, and the Mortgage remains wholly unpaid as of the date of this Notice and no payment has been made to restore the loan to current status; and
WHEREAS, the entire amount delinquent as of May 16, 2018, 2018 is $133,866.70 plus accrued unpaid interest, if any, late charges, if any, fees and costs; and
WHEREAS, by virtue of this default, the Secretary has declared the entire amount of the indebtedness secured by the Mortgage to be immediately due and payable; and
WHEREAS, Unknown Tenant(s) may claim some interest in the property hereinafter described, as a/the tenant(s) in possession of the property, but such interest is subordinate to the lien of the Mortgage of the Secretary; and
WHEREAS, Homeowners Association Highland Lakes Inc. may claim some interest in the property hereinafter described pursuant to that certain declaration of covenants recorded in Official Records Book 4470, Page 842 and all amendments thereto, and that certain lien recorded in Official Records Book 19291, Page 1550 of the Public Records of Pinellas County, Florida but such interest is subordinate to the lien of the Mortgage of the Secretary; and
WHEREAS, Patio Condo 1 Association Inc. may claim some interest in the property hereinafter described pursuant to that certain Declaration of Condominium recorded in Official Records Book 4816, Page 1092 and that certain lien recorded in Official Records Book 19393, Page 2486 and Official Records Book 19551, Page 738, that certain Lis Pendens recorded in Official Records Book 19707, Page 526 of the Public Records of Pinellas County, Florida but such interest is subordinate to the lien of the Mortgage of the Secretary; and
WHEREAS, American Express Bank, FSB may claim some interest in the property hereinafter described pursuant to that certain Judgment recorded August 27, 2014 in Official Records Book 18507, Page 1398 and those certain order of garnishment recorded in Official Records Book 18892, Page 515 and Official Records Book 19886, Page 61 all of the Public Records of Pinellas County, Florida but such interest is subordinate to the lien of the Mortgage of the Secretary; and
NOW, THEREFORE, pursuant to powers vested in me by the Single Family Mortgage Foreclosure Act of 1994, 12 U.S.C. 3751 et seq., by 24 CFR part 27, subpart B, and by the Secretary's designation of the undersigned as Foreclosure Commissioner, recorded on January 27, 2000 in Official Records Book 10796, Page 1169, of the Public Records of Pinellas County, Florida, notice is hereby given that on July 20, 2018 at 9:00 a.m. local time, all real and personal property at or used in connection with the following described premises (the “Property”) will be sold at public auction to the highest bidder:
That certain Condominium Parcel composed of Condominium Number Unit 2-D, and an undivided share in the common elements appurtenant thereto in accordance with and subject to the covenants, conditions, restrictions, easements, terms and other provisions of the Declaration of Condominium of PATIO CONDOMINIUM I, recorded in Official Records Book 4816, Page 1092 and all amendments thereto, and the plat thereof recorded in Condominium Plat Book 32, Page 63, all of the Public Records of Pinellas County, Florida
Commonly known as: 2238 Lark Circle West 2D, Palm Harbor, Florida 34684.
The sale will be held at 2238 Lark Circle West 2D, Palm Harbor, Florida 34684. The Secretary of Housing and Urban Development will bid $133,866.70 plus interest from May 16, 2018, 2018 at a rate of $14.89 per diem (subject to increases applicable under the Note), plus all costs of this foreclosure and costs of an owner's policy of title insurance.
There will be no proration of taxes, rents or other income or liabilities, except that the purchaser will pay, at or before closing, his/her/its pro-rata share of any real estate taxes that have been paid by the Secretary to the date of the foreclosure sale.
When making their bids, all bidders except the Secretary must submit a deposit totaling ten (10%) percent of the bid amount in the form of a certified check or cashier's check made out to the Secretary of HUD. Each oral bid need not be accompanied by a deposit. If the successful bid is oral, a deposit of ten (10%) percent of the bid amount must be presented before the bidding is closed. The deposit is non-refundable. The remainder of the purchase price must be delivered within thirty (30) days of the sale or at such other time as the Secretary may determine for good cause shown, time being of the essence. This amount, like the bid deposits, must be delivered in the form of a certified or cashier's check. If the Secretary is the high bidder, he need not pay the bid amount in cash. The successful bidder will pay all conveyancing fees, all real estate and other taxes that are due on or after the delivery of the remainder of the payment and all other costs associated with the transfer of title. At the conclusion of the sale, the deposits of the unsuccessful bidders will be returned to them.
The Secretary may grant an extension of time within which to deliver the remainder of the payment. All extensions will be for fifteen (15) day increments for a fee equal to ten (10%) percent of the amount then due, paid in advance. The extension fee shall be in the form of a certified or cashier's check made payable to the Secretary of HUD. If the high bidder closes the sale prior to the expiration of any extension period, the unused portion of the extension fee shall be applied toward the amount due.
If the high bidder is unable to close the sale within, the required period, or within any extensions of time granted by the Secretary, the high bidder may be required to forfeit the cash deposit or, at the election of the foreclosure commissioner after consultation with the HUD Field Office representative, will be liable to HUD for any costs incurred as a result of such failure. The Commissioner may, at the direction of the HUD Field Office Representative, offer the Property to the second highest bidder for an amount equal to the highest price offered by that bidder.
There is no right of redemption, or right of possession based upon a right of redemption, in the mortgagor or others subsequent to a foreclosure completed pursuant to the Act. Therefore, the Foreclosure Commissioner will issue a Deed to the purchaser(s) upon receipt of the entire purchase price in accordance with the terms of the sale as provided herein. HUD does not guarantee that the property will be vacant.
The amount that must be paid if the Mortgage is to be reinstated prior to the scheduled sale is the principal balance set forth above, together with accrued, unpaid interest, plus all other amounts that would be due under the mortgage agreement if payments under the mortgage had not been accelerated, advertising costs and postage expenses incurred in giving notice, mileage by the most reasonable road distance for posting notices and for the Foreclosure Commissioner's attendance at the sale, reasonable and customary costs incurred for title and lien record searches, the necessary out of pocket costs incurred by the Foreclosure Commissioner for recording documents, a commission for the Foreclosure Commissioner, and all other costs incurred in connection with the foreclosure prior to reinstatement.
Date: June 8, 2018
HUD Foreclosure Commissioner
By: Michael J Posner, Esquire
Ward, Damon, Posner,
Pheterson & Bleau
4420 Beacon Circle
West Palm Beach, Florida 33407
Tel:561/594-1452 Fax: 561/842-3626
STATE OF FLORIDA
COUNTY OF PALM BEACH ) ss:
Sworn to, subscribed and
acknowledged before me this 8th day of June, 2018, by Michael J Posner, Esquire, of Ward, Damon, Posner,
Pheterson & Bleau who is personally known to me.
NOTARY PUBLIC, STATE OF FLORIDA
CHRISTINA ZINGMAN
MY COMMISSION # FF 226933
EXPIRES: July 17, 2019
Bonded Thru
Notary Public Underwriters
June 15, 22, 29, 2018 18-03262N