For condo associations, ‘nuclear option’ a last resort“The nuclear option.” In the parlance of condominiums, the nuclear option is triggered when a condominium association – which has tried every method available to collect overdue monthly condo dues – forecloses on one of their own members. Once unheard of, the nuclear option is still rare.
John C. Goede: Can all delinquent monthly maintenance fees be collected from the new owner?Editor’s note: Attorneys at Goede & Adamczyk, PLLC respond to questions about Florida community association law. With offices in Naples and Miami, the firm represents community associations throughout Florida and focuses on condominium and homeowner association law, real estate law, litigation, estate planning and business law.
Community life: Should association foreclose, or take offer to settle?Q: Our condominium association is owed $13,000 in back maintenance fees (including interest, late fees, and attorneys’ fees). There is a “short sale” pending, and the parties have offered to pay the association $10,000 if the association will issue a clear title. Some say we should foreclose and rent the unit, others say take the money and run.
Condo Boards Take a Stand on DelinquenciesNow, with New York’s economy seemingly recovering, condominium boards are growing more aggressive in cracking down on delinquent owners, according to brokers, lawyers and board members. Some are publicly shaming deadbeats by posting their names on hallway bulletin boards or barring them from facilities like health clubs and concierge services.
Associations have options to address unit foreclosuresThe mortgage foreclosure crisis impacting associations is not going away anytime soon. Today’s column addresses why the association is a defendant in a unit owner’s mortgage foreclosure case, the impact of a foreclosure, and how an association can respond to such a lawsuit.
HOA forecloses on Mesa homeownerMESA, Ariz. — Since Pamela Brummer moved into her home back in the 1980s, she says a lot has changed in her community and it hasn't been for the best. "Trees being cut. People coming onto the property. Damage to the property and the HOA was not paying attention," she explained.
Vue condo tower hits auction blockThe luxury condominium tower The Vue is set to be sold at public auction at 10:15 a.m. June 12 on the first floor of the Mecklenburg County Superior Courthouse. Clerk of Superior Court Martha Curran signed an order Monday clearing the way for the lender to foreclose on the 409-unit building at Fifth and Pine streets.
