Tag Archives: citifinancial

FL: Department of Mars: Condo Association Forecloses BEFORE Bank

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Once upon a time there was a condo unit slipping into foreclosure. The owner had a $400,000 mortgage with SunTrust, a $180,000 second mortgage with CitiFinancial, and dues owed to the Condominium Association. SunTrust began foreclosure proceedings, but it was the Condo Association that came up with the goods.
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