Mortgage Foreclosure (FL)

As you may be aware, the first mortgage holder’s lien (mortgage) is superior to that of the Association. Therefore, in the event that a bank files for mortgage foreclosure, even if the Association had a lien in place, if a certificate of title is issued, the Association lien will be wiped out. Here are some questions that we recommend that the Association consider before making the decision on how to proceed if a property is in mortgage foreclosure.    Read the article…………..


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