Home -> Law Blog Directory -> Real Estate & Property Law Blogs -> The Home Equity Theft Reporter

Real Estate & Property Law

: The Home Equity Theft Reporter

Stiffed Condo Associations Now Target Deadbeat Lenders With "Unpaid Maintenance Fee" Lien Foreclosures On Units Already Seized By Banks

By r morris

In Sunny South Florida, The Wall Street Journal reports:As more condominium owners default on home loans, the amount of unpaid dues owed to condo associations is piling up. To collect the arrears, some condo boards have begun foreclosures on units already seized by banks. While it is common for banks to foreclose on properties, any entity with a lien on a property can do the same. That includes

Full post as published by The Home Equity Theft Reporter on June 20, 2009 (boomark / email).