Condominium Associations as Landlords: Legal rights and Issues involved in an Association’s Leasing of Units after Foreclosure of Condominium liens
Michigan Condominium Association Boards routinely file lien foreclosure lawsuits while seeking to recover overdue condominium assessments. While the goal of each such lawsuit is to motivate and facilitate payment of the unpaid assessments – whether from a neighborhood resident or an absentee international bank post-mortgage foreclosure – the process occasionally leads to the result implied in the lawsuit’s name: the foreclosure of the lien through a sale of the unit at a public auction Read the article…………
The Michigan Legislature has passed an amendment to Section 57 of the Michigan Condominium Act (MCL 559.157) which is intended
What are the top 3 roadblocks preventing your Condominium Association from obtaining FHA Certification?
An FHA loan allows a buyer to purchase a condominium with a smaller down payment, and in some instances, at