A Co-owner Filed Bankruptcy, What Now?
Condominium associations are solely dependent upon the collection of assessments from its members for their survival and to purchase and provide the goods and services necessary for the maintenance of the project for the benefit of its members. Thus, when a Co-owner files bankruptcy, there is an understandable feeling that all is lost. Read the article………
The dispute between lenders and the purchasers at homeowners’ association foreclosure sale regarding superiority of title has embroiled the State
Typically, the first order of business at an organizational meeting of the board of directors is the electing of officers.