Condominium Owners Whose Homes Have Foreclosure Action Maybe Helped By Supreme Court Ruling (CT)

Many condominium associations have found that their foreclosures are defective because the association failed to adopt a foreclosure rule, if no rule, failed to vote that a foreclosure be started against the unit.  The Connecticut Supreme Court has ruled that these defective foreclosures are void because state laws make voting to foreclose or enacting a foreclosure policy is required.  Those unit owners who are in foreclosure now or have had their units foreclosed need to check the records to see if they were done properly. If they weren’t the owners can have the foreclosure reopened, possibly helping them short term. It is not yet known what long term impact the Supreme Court ruling will have.    Read the article…………….

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