Rare Safe Harbor Victory for Homeowner Associations

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Shelters outside city borders are one of the few safe havens near the city for pits. arose last October when Blue Ash Police discovered a pit bull fighting ring on a homeowner’s property. Thirteen.

The short-term results were largely predictable with most lenders availing themselves of the safe harbor protections of the QM and only. one consumer was unable to save several hundred dollars a.

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Lender liability for Florida HOA and condominium association assessments 2014 update. and thus be entitled to the statutory safe harbor. Issue: If a homeowner does. [or Homeowners.

But then the bank finds out there is a homeowners association or condo association past due amount. In each state it is different, but in Florida, it’s a nightmare. A safe harbor rule under a legal statute declares the first-lien holder can pay the lesser of either the past 12 months in assessments or 1% of the original principal balance on the.

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I’m analyzing a 1st position NPL to buy for which the current note holder has started foreclosure. I found out that there are about $5600 in unpaid HOA dues and I found an older lien on the property from the HOA for $2000 (included in the higher figure). The home is located in WA state.

Those associations go unmentioned in the introductory roll call. And every step of the way, so far, he has found safe harbor and giddy encouragement in a strange community of politicized moralists.

But most litigators are not familiar with this protection, which has, in many cases, caused the loss of the liability limitation the safe harbor provides, says Martin Schwartz of Bilzin Sumberg.