Code Enforcement News - News about code enforcement

Code Enforcement News

News about code enforcement

Great article in today’s News Press – Homeowner & Condo Associations have a New Weapon  in their war against deadbeat owners, their tenants and the banks foreclosing on them.

Check it out and send us your comments.

We agree something still needs to be done about banks only being responsible for 6 months of association fees no matter how long it takes them to complete the foreclosure process.  Seems like if they start the process they should have to finish it within a “reasonable amount of time” including recording the changes in ownership or face financial penalties of some sort?  Anything else is unfair to the associations already struggling to survive.  MJT

1 Response

  1. Bob Says:

    When a mortgage is issued for a condominium in Florida, a “condominium rider” is automatically applied to that mortgage.
    One of the least known provisions of these riders includes the responsibility on the part of the bank to pay association fees if the owner does not pay…
    Not many people who have bought condos actually read their mortgage docs, but if they do, they will ususally find that provision.
    So, the next step in the forclosure process is to have competent legal representation determine whether or not the bank commits breach of contract, by not fullfilling their part of their own agreement.

    Posted on December 11th, 2013 at 5:48 pm

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