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TOP REAL ESTATE LEGAL ISSUES: WHAT’S TRENDING NOW Zombies are fictional “undead” beings created from the reanimation of a human corpse popular in movies and on television. Unfortunately, many community associations are now finding themselves dealing with “Zombie Homes.” A “Zombie Home” is created by a lender which begins but does not complete a foreclosure...
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TOP REAL ESTATE LEGAL ISSUES: WHAT’S TRENDING NOW With many former delinquent unit owners foreclosed out and replaced by paying owners, community associations are generally doing better financially than several years ago. It is critical, however, to maintain a sound collections strategy. This means monitoring payments by unit owners and putting any new delinquencies into...
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