Does Your Association’s Declaration Preclude Any Recovery From Foreclosing Lenders? (FL)

After the housing bubble collapse, the Florida Legislature ratified numerous amendments to the Florida Condominium Act and Homeowners’ Association Act to provide associations with more power in collecting past-due assessments. One amendment obligated lenders that foreclose on properties owing past-due assessments to pay, at the very least, a certain statutory amount to the governing association (see Fla. Stat. §§ 718.116; 720.3085).    Read the article…………..


Related Articles

HOA Use of Drones Has Some Residents Alarmed

Recently, the residents of the Concord Station community north of Tampa in Land O’Lakes, Fla. shared their complaints and confusion

Bradenton Herald: East Manatee condo builder should buy back defective units

On the heels of homeowner horrors over noxious Chinese drywall over the past few years comes another builder whose inferior

Florida Bar committee asks for opinion on community associations

The Florida Bar’s committee on the unlicensed practice of law approved a request Thursday for an advisory opinion on whether