Be Prepared: How to Avoid the Super-Priority Trap
Benjamin Franklin once said, “By failing to prepare, you prepare to fail.” Servicers can face significant obstacles in preservation of their rights vis a vis assessments by homeowners’ associations and condo associations (a “property association”). The most important action servicers can take in addressing this issue, not surprisingly, is foresight and preparation by putting procedures and guidelines in place to address if and when assessments should be paid before the property association foreclosure process begins. Read the article……………
I recently read an article where a homeowner was upset about her condominium association initiating foreclosure proceedings against her for
Your association board is planning for the big project on the horizon, and is currently reviewing how to finance it.