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Lender liability for assessments in Florida

/ Owner - February 27, 2014

Foreclosing lenders in Florida frequently take title to properties that are subject to homeowners’ and condominium association assessments. Just as frequently, the newly-titled lender is presented with a bill from the association for past-due assessments that accrued during or preceding the foreclosure action. These demands are based on widely misunderstood Florida statutes governing liability for assessments that provide for recovery of specific amounts from foreclosing lenders. However, despite these demands from the associations, first mortgagee lenders are frequently not liable for some or all of the claimed amounts.     Read more……..

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