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Expert Analysis

The Florida Condominium Termination Trap

Law360, New York (July 25, 2014, 10:31 AM EDT) -- Just when lenders and servicers thought they had seen it all with crowded dockets, understaffed courts, increased foreclosure times, mandatory mediation, trial mortgage modifications, last-minute bankruptcy petitions and litigation tactics, which much too often fell somewhere between sloppy and sanctionable, now comes yet another problem — the condominium termination. Never heard of it? Well, read on, because lenders and investors can lose the collateral and receive pennies on the dollar in recovery!...

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