Bank of America v. Kipps Colony II Condominium Association, Inc.: What Does It Mean for Attorneys? (FL)

The recent case of Bank of America, N.A. v. Kipps Colony II Condominium Association, Inc., — So. 3d —-, 2016 WL 3766582 (Fla. 2d DCA 2016), is instructive for attorneys representing condominium and homeowners’ associations and emphasizes the need for such attorneys to have a firm grasp of Florida’s lien law with respect to prior mortgagors.  In this case, a condominium owners’ association (the “Association”), filed a lien foreclosure action against the owners of a condo unit for failure to pay their monthly assessments. The Association’s complaint named Bank of America (“boa”) as a Defendant by virtue of its holding a mortgage on the unit.    Read the article……………


Related Articles

Michigan Senate Bill 610: A Fix to Section 67 or the MI Condo Act or the Creation of a New Set of Problems?

The intended purpose of MCL 559.167 of the Michigan Condominium Act was to create an end date for developing condominium

11th Circ. Frees Travelers From ‘Bad Faith’ Settlement

The Eleventh Circuit on Thursday affirmed a lower court’s ruling that Travelers Casualty and Surety Co. of America does not

Does your board undertake “Due Diligence”?

Directors are often told they should “do their due diligence” before making certain decisions on behalf of their associations. How