Foreclosures and Condo Associations
I have recently become aware of a situation where a condo is a foreclosure and the electricity for this three unit building that powers the well pump is in the foreclosure unit. The two other units are panicking because the well is for all units. Can a lender turn off the power in a situation like this? What if the association is not viable and it requires changes in the master deed to allow the addition of another well on the property? Anyone run into a similar situation with foreclosed on property? Lu
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