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Tag: safe harbor

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  • /Posts Tagged ' safe harbor '

Liability for HOA Assessments of Subsequent Owner

Typically after a foreclosure sale, if the lender retakes title which happens in many cases, its liability to the HOA for the former owner’s assessments are limited to the lesser of 1% of the original mortgage amount or 12 months ...

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  • 03-29-2018
  • Condo/HOA
  •  0 Comments
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  • 1% , 12 months assessments , 720.3085 , asssessments , foreclosure , joint liability , lender , safe harbor , subsequent owner

Lesson to HOA Boards- Dont Run Up Your Costs and Attorney’s Fees in a Foreclosure Case When the Foreclosing Bank Obtains Title at Sale!!

Recently, the 3rd District Court of Appeal (“3rd DCA”) rules against a homeowner’s association (HOA) seeking costs and attorney’s fees in addition to the statutory amounts it received after a foreclosure. ...

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  • 05-08-2016
  • Condo/HOA
  •  1 Comment
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  • foreclosure , foreclosure defense , foreclosure procedures , HOA , HOA fees , mortgage foreclosure , safe harbor
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