Fla. Attorneys At Odds Over Condo Mortgagees' Liability

Law360, New York (July 22, 2013, 2:02 PM EDT) -- Florida attorneys who practice in the area of mortgage foreclosures or condominium law have found themselves butting heads over the liability of a foreclosing first mortgagee for condominium assessments in the past several years.

The battle lines have formed in large part because condominium associations have suffered through a period of weak cash flow resulting from the poor economy and the large number of foreclosures, as upside-down condominium unit owners abandon efforts to save their properties and let their creditors fight over the bones. At the...
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