After Foreclosure

Posted by on May 2, 2012 in News | 0 comments

After Foreclosure

If a lender has foreclosed and now owns a unit, that lender owes the association up to six months of delinquent condo fees preceding the foreclosure as well as attorney fees and costs for the association’s attorney.  The lender must also pay all condo fees on the unit after the foreclosure.  My office collects delinquent condo fees from lenders who own units on a regular basis.