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Who do you contact if a condo has been abandoned by the owner pre-foreclosure and the pipes froze causing major water damage that affects the entire building?
Wiki User
∙ 14y ago
The first contact should be to your master insurance policy carrier.
Two duties are involved: one, a duty to repair; and second, a duty to pay for the repair.
The insurance carrier can help the association in both of the duties, above, including tapping into sources of money to pay for the repair.
The foreclosure action means that a lender now owns the unit. The lender may be absolved of any responsibility if the board has not crafted a resolution that covers lenders' responsibilities in foreclosure actions, such as maintaining heat in the unit during cold periods.
It's a good idea for any association these days to develop and pass a resolution that covers foreclosure owners' responsibilities, and deliver a copy of the resolution to lenders who foreclose. No foreclosure action should be a mystery to an attentive association or condominium property manager.
Wiki User
∙ 14y ago
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