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When a bank acquires a condominium, at least the bank owes the monthly assessments.
However, the association may require the aid of an attorney to find in its governing documents exactly how to serve such a notice on an owner that is a bank.
As a good neighbor, the bank should pay regular visits to the property to assure that it remains closed, that during cold winter months, the heat is kept on sufficient to protect against frozen and burst pipes, and that the property does not become an attractive nuisance.
Again, the association may need to either adopt a special resolution that targets bank ownership of units and includes the 'do's and don't's' of this ownership, or find language within the governing documents sufficient to craft a notice to the bank telling the bank what its 'good neighbor' obligations are in each situation.
What else can I help you with?
Where can one find properties for sale because of bank foreclosures?
Properties for sale because of bank foreclosures are called bank owned homes. One can find listings of bank owned homes on sites such as 'Bank Foreclosures Sale', 'Zapmeta' and 'Zoopla'.
Where can one find bank foreclosure listings?
There are many companies and websites that offer bank foreclosure listings. Some of these companies that offer bank foreclosures are Bank Foreclosures and Zillow.
What to do to see Bank Foreclosures in Hixson, TN 37343?
Where can I find a list of Bank Foreclosures in Hixson, TN 37343? Charlotte Cox
How can one get information on buying bank foreclosures?
One can get information on buying bank foreclosures from the bank they use by calling them, going in person, or going on their website. There are also tips and advice from "How to" websites and on forums.
What states did Bank of America halt foreclosures in?
Florida
Where can one find a list of bank foreclosures in their area?
You can find a list of bank foreclosures for your area in your local newspapers, your local bank or websites that specialize your area. You can even ask your real estate agents.
What do you call a person who does foreclosures for a bank?
A foreclosee, I would assume.
Where can one find bank owned foreclosures?
One may find bank owned foreclosures on the site LoopNet. They collect and provide listings for many properties that have been foreclosed by a various banks.
How do you use the word foreclosures in a sentence?
Because of all the foreclosures on the home loans they had funded, the bank decided to make loan conditions stricter.
Were can one receive Charlotte foreclosures?
One can find Charlotte foreclosures on a website called Trulia and Zillow. One can also find it on a website called Bank Foreclosures Sale where it lists Charlotte foreclosure homes.
Where can one find a listing for Bank of America Foreclosures?
Bank of America maintains it's own website with information on foreclosures in any area they serve. One can find foreclosure information under their mortgage tab.
What is a motion to compel foreclosure?
If it can be proven that a bank is deliberately stalling the foreclosure, attorneys for the owner or condo association can ask for a motion to compel and have the court make the foreclosure immediate. This is happening in current cases where foreclosures drag on for years with no closure.
