Over $30,000 Collected for Association by Defaulting Bank

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.

Categories

Three bars icon gold

Recent blog Posts

Three bars icon gold

Ohio Senator Introduces Legislation with Drastic Government Overreach Into Community Association Operations

On September 29, 2026, Senator Brenner introduced Senate Bill 476, which proposes significant changes to ...
Read More →

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 →