Short Sales and Community Associations

A short sale is a common alternative to foreclosure when a delinquent owner owes lien holders on the property more money than the property is actually worth. A short sale can occur prior to the filing of a foreclosure action, but it is still a frequently used alternative to a sheriff’s sale in a pending foreclosure. In a short sale, each lien holder must agree to accept less than what the seller owes and agree to release all liens on the property in order to allow the sale.     Read the article……………


Related Articles

Office of the Attorney General (NJ) Issues Disability Fact Sheet for Housing with Homeowner’s Associations

Division on Civil Rights Director Craig T. Sashihara announced today that the Division has posted a new Disability Accommodation Fact

Do developers give thought to long-term governance in the communities they build?

While development in Florida and many other parts of the country has dwindled considerably over the last few years, now

Landlords and condo associations can’t deny certain animals

It’s not uncommon for an apartment building or condominium association to have a “no pets” policy in place, but not