Legislature seeks to clarify the lawmakers’ intent when it comes to foreclosures by condo associations. Originally reported by CivilBeat.org
Bill SB 55, before the Hawai'i State Legislature, would add provisions to laws governing foreclosures and condos in Hawaii that say Homeowner Associations don’t need to have a clause in their bylaws since foreclosure power is already granted by the state.
The measures argument is whether a condo association should be required to state that they have the power to conduct nonjudicial foreclosures in their governing documents, the practice of allowing homeowner associations to initiate foreclosures to collect liens for maintenance fees in order to avoid a presumably … (2 comments)
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