B.O. from Fairfield County, Connecticut writes: Dear Mister Condo, What is the maximum months of common fees an association can collect in a bank foreclosure? What is the maximum an association can collect when they foreclose? Mister Condo replies: B.O., the answer is not as clear as you might expect. The actions taken by the…
Search Results for: foreclosure
Question of Financial Liability for Condo Decks Leads to Foreclosure!
D.U. from New London County, Connecticut writes: Dear Mister Condo, I own a condo in a building without deck units, whereas other buildings in the condo have decks attached to their units. Since a deck or balcony is not a common element, I feel that it is not fair to be asked to pay $2,000.00…
Purchase of Lien and Foreclosure Rights on Delinquent Condo Owner
S.A. from South Florida writes: Dear Mister Condo, Can an individual purchase the lien and foreclosure rights on a delinquent condo unit? Second, is there a situation where a condo association can foreclose and take possession without going through the auction process? The unit in question has no mortgage and the owners have abandoned the…
Purchasing Neighboring Condo Unit in Foreclosure
L.J. from New Haven County writes: Dear Mister Condo, I live in a 3-unit Condo Association. One unit is in foreclosure. I own one. Can I purchase the other that is in foreclosure? Mister Condo replies: L.J., unless the condo’s governing documents prohibit the purchase of more than one unit, I don’t see why not….