Rare Safe Harbor Victory for Homeowner Associations
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But most litigators are not familiar with this protection, which has, in many cases, caused the loss of the liability limitation the safe harbor provides, says Martin Schwartz of Bilzin Sumberg.
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Rare Safe Harbor Victory for Homeowner Associations. Arias Bosinger, Community Association, of Appeal relied on specific language in the Homeowner Association Act’s safe harbor section to rule in favor of a homeowner association over Federal National Mortgage Association ("FNMA") in.
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Here are the highlights of NAR’s 2013 federal legislative and regulatory accomplishments: Safe Harbor in Qualified Mortgage Rule NAR achieved a significant victory in obtaining. Protecting American.
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But then the bank finds out there is a homeowners association or condo association past due amount. In each state it is different, but in Florida, it’s a nightmare. A safe harbor rule under a legal statute declares the first-lien holder can pay the lesser of either the past 12 months in assessments or 1% of the original principal balance on the.
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