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Entries Tagged ‘Foreclosure’

Foreclosure: What It Means for the Renter

Filed under: How To, Renting 101 Renters now have legal rights against eviction due to foreclosure, but not necessarily housing security. New laws give renters a reasonable 90-day notice of foreclosure eviction and, in most cases, protect their lease agreement. However, both of these safeguards still can be circumvented. While the foreclosure laws (which took [...]

GA: All Condo Units In One Complex In Foreclosure; Clean Up Begins (video)

While many businesses are struggling or failing in this tough economy, there is one business that’s in big demand. They are companies that clean out the trash and other junk from properties that have been foreclosed. Some of the properties are so bad they’re considered a public hazard. Originally from Community Associations Network National

NV: Foreclosure Crisis Hitting Condo Renters

The foreclosure crisis is now affecting condo renters. In North Las Vegas, tenants at big condominium complex are getting foreclosure notices directly from the developer’s lender Originally from Community Associations Network National

FL: Should cash-strapped condo associations rent units in foreclosure?

Renting out empty units may help your community association cope with budget woes caused by owners in foreclosure or delinquency, who do not pay maintenance fees. Originally from Community Associations Network National

IL: Condo owners taking over duties during foreclosure

A foreclosure complaint has been filed against the developer of a condominium community on Champaign’s north side, and residents there are wondering when the subdivision will be completed. Originally from Community Associations Network National

IL: Shoreline Towers condo association plans to be a buyer in foreclosure market

Shoreline Towers Condominium is tired of fretting over the double-whammy of falling property values and lost assessments as foreclosures pop up in its building. Originally from Community Associations Network National

OH: Condo associations often left empy-handed after foreclosure

Condo associations in Ohio want legislators to put them first in line for money when homes in their buildings are foreclosed upon. Originally from Community Associations Network National

FL: Seeking solutions to condo foreclosure crisis

How would you answer the million-dollar condo question: What can be done to keep community associations financially afloat in face of widespread foreclosure and owner delinquencies? Originally from Community Associations Network National

FL: With foreclosure, concern over mold

“These particular units in this association are the worst I’ve ever seen,” said Kathy Bramhall, who manages the complex for a company called Condominium Associates. “The units are uninhabitable and would cause respiratory problems for anyone living in a surrounding unit.” Originally from Community Associations Network National

FL: Condos Demanding Foreclosure On Abandoned Units

He calls it a mortgage terminator. He demanded Citibank to foreclose on unit 14 in Martinez’s building. Surprisingly, instead of an 18 month legal fight, Citibank wrote off the debt, and handed the title over. Originally from Community Associations Network National

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