Fourth DCA Confirms Association Lien Foreclosure Valid Despite Pending Mortgage Foreclosure (FL)

Despite a slowing in the number of Florida mortgage foreclosure cases, many community associations still face situations where a foreclosing lender fails to timely complete its foreclosure resulting in the property sitting abandoned and not contributing financially to the community. As a result, many community associations are faced with a decision of whether to proceed with their own foreclosures for non-payment of assessments or simply wait out the lender’s mortgage foreclosure.    Read the article…………….

Editor

Recent Posts

“It’s shameful:” Condo board asks residents to pay more than $20,000 in special assessment fees

Owners at the Regency Gardens Condominiums got notices saying their board plans to pass a…

11 hours ago

Two Rivers Services to Help Private Condo Group (WI)

Buckley says the condo association was developed with private infrastructure and the maintenance of roadways…

14 hours ago

Australia Op/Ed: There’s more trouble coming for apartment owners. Here’s why

The Netstrata insurance scandal rocked the strata management industry in NSW but that’s just the…

14 hours ago