The Florida Statutes are clear—persons who purchase a residential foreclosure with outstanding assessments and dues attached to it are responsible for paying those past-due amounts to the governing association upon taking possession of the property. See Fla. Stat. § 718.116(1)(a) (applying to condominiums); see also Fla. Stat. § 720.3085(2) (applying to property governed by homeowners’ associations). This Florida law applies to banks as well.
Blogs & Resources
Jimerson Birr, P.A. offers clients a customer-focused and cost-effective alternative to larger business law firms.