Beware- you may be liable for thousands of dollars of unpaid assessments. Just because a homeowners or condominium association may have been a defendant in the foreclosure lawsuit (and mentioned in the final judgment) does not mean that such association’s lien for unpaid assessments owed by the prior owner(s) against the property has been eliminated [...]
Sometimes people unwittingly rent and move into a house or a condominium that becomes involved in a mortgage foreclosure. For many years, those tenants who entered into a lease with the borrower had no right to stay in the property after the foreclosure. During the foreclosure crisis (from 2008 through 2014), a Federal law was [...]
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