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Greater Capital Area Association of Realtors®

DC Ruling Offers Good News for Condo Associations; Bad News for Banks

Mar 27, 2018

A new case in the District offers good news to condo associations struggling with owners delinquent on their fees: It reinforces the associations right to foreclose on a unit without having to wait for the bank to do so first. Homeowner associations have lost money they desperately need to operate whenever they wait for banks to foreclose first. Read more

Source: The Washington Post