An Association’s Right to Non-Judicially Foreclose…
March 15, 2015
Often our first contact with an association begins with a discussion about a member who is seriously delinquent in the payment of their assessments. The Board wants to know what they can and should do. The answer we give often comes as a surprise. Have you thought of a non-judicial foreclosure? Many Boards do not…
READ MORETennessee Condominiums, Lender Foreclosures, and the Six Month Reachback
November 18, 2013
As has been previously mentioned, the Tennessee Condominium Act of 2008, Tenn. Code § 66-27-101, et seq. (the “Act”), applies in certain instances to all condominiums in Tennessee (even those created prior to January 1, 2009), but only with respect to events and circumstances that occur after January 1, 2009. See Tenn. Code § 66-27-202(a)….
READ MOREForeclosures and Priority Issues
August 19, 2013
One of the unfortunate realities of the residential real estate market in the past several years has been foreclosures. A foreclosure is the process by which a secured party recovers a balance due by exercising its interest in secured collateral. Typically, this means that a bank forecloses on a home. In Tennessee, we have deeds…
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