SunTrust Forecloses on Condo, Then Doesn't Pay Bills, Court Filing Claims

Categories: Broward News
3366720659_b746789dfd.jpg
All about the Benjamins.
​Two groups that typically spend their time competing for the most-likely-to screw-over-a-homeowner title -- a bank and a condominium association -- are now fighting each other in court over an empty condo. 

This odd story starts around the beginning of the year, right after SunTrust foreclosed on a condo in a Margate complex. 

According to the Atlantic Palms Condominium Association, this also means that the bank now owns the vacant unit -- and is, by default, a member of the association.

Thing is, condo owners have to pay the association dues -- for common expenses like road and roof upkeep and property taxes -- but SunTrust hasn't done that for almost seven months, Atlantic claims in a Broward County Civil Court filing. 

So, a bank that took somebody's home because of "delinquent" mortgage payments might itself be delinquent.

Atlantic claims that SunTrust owes some $4,200 in back fees, and it looks like the association could really use the moolah. The association has filed a lien to get its money. 


Follow The Pulp on Facebook and on Twitter: @ThePulpBPB.

My Voice Nation Help
9 comments
Voice of Fairways
Voice of Fairways

The City of Hallandale Beach recently purchased 26 condominium units in a project. The City said that they will pay the monthly maintenance but the City does not have to pay property taxes. If found it odd. It is not a city property used for public sevices. Anyone have any idea if it is correct? 

Raleigh Mortgage Guy
Raleigh Mortgage Guy

It sounds like this HOA is run by the actual owners and haven't received good legal counsel because lenders are typically exempt from paying HOA dues when they have had to foreclose a property.

Jonathan Walker
Jonathan Walker

Wait a minute Ricardo! are you a lawyer or just some guy ? Why wouldn't banks have to pay?How would the condo pay its bills if the bank could own units for months and months and not pay!!!!! Sounds to me like the people you are making fun of (and their lawyer!) could give a few lessons on how to collect what is due to them

Oscarlaroche
Oscarlaroche

sounds like you are one hundred percent wrong. The banks have to pay like anyone else except that they get a break on the old dues; but once they take over they have to pay every pennywhile they own the unit The people at atlantic palms have a very aggressive lawyer who is not afraid of suing a bank where the bank refuses to pay. You should retract your uninformed legal opinion

Now Trending

Miami Concert Tickets

From the Vault

 

Services

General

Loading...