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…………