Many local condos went into foreclosure when owners couldn’t pay up in Seminole County. WFTV found one condo Homeowners Association [HOA] in Seminole County that’s now going to court to protect owners from paying the fees that bank foreclosures owe. Originally from Community Associations Network National
Veteran manager Howard Kupferberg of LCC Realty in Rockville Centre, Long Island, who handles a number of tony buildings in New York City, got a call in early February that was both welcome and frustrating: A bank teller at Chase’s Pelham Parkway branch had had a hunch that something was odd when a woman tried [...]
In Coral Lakes Community Association, Inc. v. Busey Bank, N.A. (2D08-5062), the Second District affirmed the trial court’s conclusion that the bank was not required to pay delinquent assessments due to the condominium association and affirmed the trial court’s entry of a summary judgment in foreclosure. Originally from Community Associations Network National
Condominiums depend on owners of their units chipping in for common expenses like fixing the roof. But what happens when the deadbeat owner next door is a major bank. Originally from Community Associations Network National
Roger and Sharon Harrell share a roof with the condo next door to them, which has been posted as unsafe by the city. Originally from Community Associations Network National
The homeowners association for Bermuda Palms evicted him because HOA fees were not paid by the homeowner Originally from Community Associations Network National
Now they find themselves in a situation faced by a growing number of condo owners. As the foreclosure process stretches past the two-year mark, they are struggling to maintain the empty unit and stanch the bleeding in their homeowners association fund from lost assessments. Originally from Community Associations Network National
They called the transactions “shareholder loans.” Over three years, Charles Bennett III and Kenneth Marwick moved hundreds of thousands of dollars in condominium association fees into and out of multiple bank accounts they controlled and used for personal expenses, according to an affidavit. Originally from Community Associations Network National
Once upon a time there was a condo unit slipping into foreclosure. The owner had a $400,000 mortgage with SunTrust, a $180,000 second mortgage with CitiFinancial, and dues owed to the Condominium Association. SunTrust began foreclosure proceedings, but it was the Condo Association that came up with the goods. Originally from Community Associations Network National
The owners of 29 condominium units at the Perkins Rowe mixed-use development sued an Ohio lender Friday in Baton Rouge federal court. They alleged that KeyBank National Association concealed significant problems faced by project developer J.T. “Tommy” Spinosa when the condos were purchased in 2008. Originally from Community Associations Network National
