2/12/2013

A court ruling in Florida is making it difficult for condo and homeowners associations to collect past-due payments on foreclosed homes if the association held the home's title before it was repurchased, lawyer Richard DeBoest writes. "[I]f your association has taken title through lien foreclosure, your association may now be unable to collect any amounts which came due prior to the lender's foreclosure sale," DeBoest writes. "... It should be noted this court decision applies only to situations where the association becomes the owner of a unit through foreclosure of its lien or by accepting a deed in lieu of foreclosure from the owner."

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