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Lender Backlash Over Condo Foreclosures

By Chase Plaza, community association, condo law, HOA, HOAs, homeowners association, unit owner, unit owner's association, unit owners No Comments

The District of Columbia and 21 states have statutes that give condominium associations a super-priority over the first deed of trust for unpaid assessments. In D.C., the super-priority is limited to six months of unpaid assessments. Thus, a condominium association has the right to foreclose on a condominium lien and…

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