Successfully recovered, through the foreclosure process, funds in excess of $15,000.00 owed to an association by a delinquent owner.

Facts: An owner failed to make required payments for maintenance fees. After the owner’s account became increasingly delinquent, the association filed a lien, and, when it received no response, a foreclosure complaint was filed. A little less than one year after filing the foreclosure complaint, the unit was sold at sheriff’s sale. The proceeds were then distributed to the association, in the form of a check for $15,367.35 representing an amount that covered the entire outstanding balance, including attorney fees, filing fees, and court costs.

Categories

Three bars icon gold

Recent blog Posts

Three bars icon gold

What Should a Board Do if the City Asks for an Easement Over Association Property for a Public Project?

When a city asks an association to sign an easement agreement for a public project, ...
Read More →

How Will the New HUD Enforcement Shift Affect My Community Association?

The federal government has announced significant changes on how it will enforce the Fair Housing ...
Read More →

Indiana HOA Act Update: 2026 Legislative Changes

Kaman & Cusimano partner Tom Murray Esq., CCAL recently gave a virtual seminar presentation to ...
Read More →

Do We Have to Wait Until the Annual Meeting to Amend Our Bylaws?

Boards often ask whether proposed Bylaw amendments must wait until the next annual meeting. Usually, ...
Read More →