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Our condo building has quite a number of units that foreclosed. The banks holding their mortgage have not paid their units assessments and maintenance for over a year now. In the meantime the board of directors have put more assessments on the other owners in the building to offset the debt of the other units.
How do we obligate the banks to pay the dues of those units.(the units have definitely gone into foreclosure already are in the markey for sale but have not sold)
Thank you .What happens if the association forecloses upon a lien for unpaid assessments? Does title revert to the mortgage holder or does the association have to sell the unit and recover past due fees from the purchaser?