A condominium Association filed a foreclosure complaint against an owner for failing to pay the regular maintenance fees and assessments. Kaman Cusimano successfully obtained a judgment against the owner and also defaulted out a bank that held the first mortgage on the real estate, meaning that the Association’s lien had priority over the first mortgage . In response to a payoff, Kaman & Cusimano successfully collected over $30,000 from the bank defaulted out before the Sheriff sale.
Over $30,000 Collected for Association by Defaulting Bank
Jeffrey Kaman
Jeffrey E. Kaman is the Administration Department and Columbus Office Chairs. Jeff earned his law degree from the Cleveland Marshall College of Law, after graduating with honors from Loyola University Chicago with degrees in Honors History and Political Science.
All Blog Posts
Categories
Recent blog Posts
Why Is Preventive Maintenance One of Your Association’s Most Important Investments?
When budgets tighten, it can be tempting for associations to delay maintenance projects. After all, ...
Read More →
K&C Partner, Scott Weiss quoted in Wall Street Journal
Before purchasing a home in an HOA or condo association, it’s important to look beyond ...
Read More →
Kaman & Cusimano Attorneys recognized by the Best Lawyers in America®
Kaman & Cusimano is proud to announce that 8 K&C lawyers have been recognized in ...
Read More →
Can Contractors Add Fuel Surcharges to Community Association Invoices?
In recent months, nationwide fuel prices have increased dramatically. Condominium and homeowners’ associations are increasingly ...
Read More →