A unit owner in our building passed away about a year ago, the estate has refused to pay the fees for the unit. We the Board of Directors have put a lien on the unit. There are two mortgages on the condo that exceed the market value of the unit.
Would anyone out there have any suggestions on the best way for the Board to proceed?Should we wait for the bank to foreclose (which may take a very long time) or should we foreclose?
Showing posts with label Association Operations. Show all posts
Showing posts with label Association Operations. Show all posts
Wednesday, January 30, 2008
Foreclosure
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