Can condo foreclose over a lender?

Answer It is possible that both entities -- the association and the mortgage holder -- have vested, monetary interests in a condominium unit. There may be no 'priority' as to which entity forecloses firs... Read More »

Top Q&A For: Can condo foreclose over a lender

Can Florida law foreclose on condo for non paid condo fees if owner filed chapter 7?

Your governing documents may provide for leverage against both your property title and you personally, for your obligation to pay your assessments. As well, assessments due prior to the date of fil... Read More »

Can a condo maintenance company foreclose on a condo?

Read your governing documents and determine under which provision your condominium is being foreclosed.It isn't the maintenance company doing the foreclosing, it's the association's board of direct... Read More »

A lien for unpaid assessments has been placed on your unit by the condo association - can they foreclose on your condo owned outright?

You can find the answer you want in your governing documents.Usually, regardless of the ownership status -- outright ownership or mortgaged -- unpaid condominium assessments represent an automatic ... Read More »

If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?

Your attorney can help you answer this question, since it requires a legal answer.