Windfalls Ahead for Condo Associations?
In the recent case Summerhill Vill. Homeowners Ass'n v. Roughley, the Washington Court of Appeals decided the foreclosure redemption statute does not allow a first position lender to redeem following a judicial foreclosure by a condominium association. This means the following easily-envisioned scenario is possible: Person P buys a condo for $250,000, owns it for… Read More
