Condo association beats bank in million-dollar foreclosure battle, winning argument: The five-year statute of limitations

Categorized | STOP FORECLOSURE FRAUD

Condo association beats bank in million-dollar foreclosure battle, winning argument: The five-year statute of limitations

Condo association beats bank in million-dollar foreclosure battle, winning argument: The five-year statute of limitations

Miami Herald-

It is a condominium association’s version of winning the lotto.

A big bank missed its deadline to file for foreclosure on a million-dollar condo unit by 10 days.

As a result, Peninsula Condominium Association in Aventura will get to keep the condo — a fancy three-bedroom, three-bathroom bayfront pad that it took ownership of three years ago in its own foreclosure over $61,313 in unpaid fees.

“They got a free condo,” said Michael Cotzen, partner at Hollywood law firm Mansfield Bronstein, which represents the condo association. “You don’t get anything free in this world — but they did.’’

The condo association’s winning argument: The five-year statute of limitations for U.S. Bank to file for foreclosure had passed.

Miami-Dade Circuit Judge Peter R. Lopez agreed.

“We are utterly and completely delighted,” said Edward Steinberg, president of the Peninsula Condominium Association. “It’s a profoundly positive impact for the association.’’

[MIAMI HERALD]

© 2010-18 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 9124 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “Condo association beats bank in million-dollar foreclosure battle, winning argument: The five-year statute of limitations”

  1. Laslo says:

    The article doesn’t talk about getting clear marketable title?

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives