URGENT from CCFJ: Folks, no matter where you stand on association reform -- no matter if you want the boards to have more power or less; no matter if you are a board member or an owner; no matter if you want fair elections or not, you need to make sure that Senate Bill S 780, yesterday filed by Senator Evelyn Lynn, will pass through the legislature and will be signed into law by the Governor!
This bill, in short, demands that banks and mortgage companies are liable for association fees owed by units/homes from the day of the filing for foreclosure. The bill provides for retroactive application.
For full letter click title or -
http://docs.google.com/Doc?docid=0ATalJt5o753oZGZmbThxNzZfMjBmZDI1eHpjZw&hl=en
Thursday, November 19, 2009
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Each Association should organize a letter writing campaign by their unit owners, asking Sen. Archer to vote yes on Senate Bill S 780. In this economic climate, any assoc. could find financial adversity, almost overnight. The banks have screwed us enough , don't let them get away with not paying foreclosed unit dues.
ReplyDeleteForget Sen Archer( mistake)
ReplyDeleteSen. Jeffery Atwater , I should have said.
Read the post, and immediately whisked off my letters. Good Suggestion -letter writing campaign. on my agenda for tomorrow.
ReplyDeleteRandall said...
ReplyDeleteJust to give you a taste of what a single foreclosure will mean to an Association. Personal info deleted. Firm handling foreclosure ommitted.
CLIENT CODE: …........
Collections Foreclosure Status Report System
Northampton "*" Condominium Association, Inc.
Matter description
Address of property
Date
Comment
Click name to send Email
Leo A. …...., a married man
9/8/2009
Foreclosure sale date
9/3/2009
per Randall ….... - do not attend sale; “60,000 Mortgage on 1-1/12- do not bid”
9/1/2009
DMK T/C with Mr. Randall-does not want us to attend sale
8/5/2009
Motion for summary judgment hearing
7/16/2009
Answer to bank complaint prepared
6/25/2009
Motion for summary judgment filed
6/22/2009
affidavit of indebtedness e-mailed to Andy Rosen
4/15/2009
notice of action
1/17/2009
Amended Complaint prepared; suggestion of death
1/17/2009
Complaint filed under Case no. 502008................................
11/6/2008
Complaint prepared
10/6/2008
Lien recorded
10/1/2008
Per Randall, Mr. ... is in the VA Hospital
9/29/2008
Claim of Lien prepared
9/29/2008
30 Day demand letter sent to Mr. ...
8/28/2008
ct unit owner re settlement proposal
8/28/2008
demand letter sent to Mr.... per statute
8/22/2008
letter from owner requesting extension; sent to assn.
8/5/2008
Letter to client requesting foreclosure cost deposit prepared
7/17/2008
has cancer/leg amputated. To send letter re payment plan
7/17/2008
Call from owner has been in hospital undergoing treatment
7/1/2008
30 Day demand letter sent to Mr. ...
6/23/2008
Claim of Lien prepared
6/16/2008
Client notified that initial time to satisfy debt has expired
5/13/2008 Notified firm of desire to file lien.
________________________________
The Scheduled foreclosure date 9/08/09has come and gone. Bank of America files Lis Pendens and is going for a slow foreclosure on its own. Who knows how long this will take. Attorney will send letter to bank to "S..t or get off the pot" (non-legaleze).
Owner has since passed and Ad Litem was necessary to represebt his interests at a cost of $800.00. Expenses are at almost $5,000 and rising (not including in excess of $6,000 delinquency in assessments).
Yes, we need this bill passed, but realize that the Bank lobbies are as powerful as the firearms, pharaceutical companies, tobacco, etc. Our monthly assessments must be dramatically increased in next year's budget. Construct your budget accordingly as this may happen to YOUR Association!
November 23, 2009 2:08 PM