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Michigan Court of Appeals rules mortgagees responsible for condominium assessments from date of sheriff’s sale

/ Owner - March 31, 2014

In Wells Fargo Bank v. Country Place Condominium Association, the Michigan Court of Appeals addressed an issue of first impression and resolved an issue that had been disputed for many years in Michigan between condominium associations and banks. The case involved a dispute as to when the mortgagee bank, which was also the purchaser at foreclosure sale, became responsible for the payment of condominium assessments   Read more……..

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