MI Ct. of App. Rules that Condo Assn. is Not Entitled to Notice of Surplus Funds From Foreclosure Sale
In Moon Lake Condominium Association v RBS Citizens, Case No. 323476 (Michigan Court of Appeals, November 12, 2015, unpublished), the Michigan Court of Appeals held that junior lienholders, such as condominium associations, are not entitled to notice that surplus funds were collected from a foreclosure sale after the first mortgage of record was foreclosed on. At issue in this case was the interpretation of MCL 600.3252, which provides in pertinent part: Read the article………….