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Real Estate & Property Law

: The Home Equity Theft Reporter

Foot-Dragging Mortgage Lender Yields To HOA Demand; Abandons Foreclosure On Unwanted Collateral, Releases Security Interest In Condo Unit

By r morris

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In Miami Beach, Florida, WFOR-TV Channel 4 reports:A new tactic in dealing with foreclosed condo units is being used by one attorney in South Florida. [...] Attorney Ben Solomon of the Association Law Group explained, "The bottom line is the banks don't want to assume the liability associated with the unit, including the obligation to pay maintenance assessments to the association."Solomon is now

Full post as published by The Home Equity Theft Reporter on April 28, 2010 (boomark / email).

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