In the aftermath of the recession and foreclosure crisis, many Florida condominium associations have responded to their collections and budget shortfalls by aggressively pursuing the maximum payoff from new owners. That was the strategy employed by an Orlando condominium association in the recent appellate case of Central Park A Metrowest Condominium Association v. Amtrust REO I.
Amtrust REO, as an agent of AmTrust-NP SFR Venture LLC, which had been authorized to seek foreclosure of a mortgage, foreclosed the mortgage and obtained title to a unit in the community at the foreclosure sale.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
