Keywords: CIVIL REMEDIES AND PROCEEDINGS, MORTGAGES
Report Title: Mortgages; Foreclosure
Description: Requires court to order a condominium sold free and clear of recorded mortgages where the market value of a condominium is less than the outstanding amount due and payable on a recorded mortgage that is superior to the lien of the movant homeowners' association, in a case of a foreclosure by action of a homeowners' association, partnership, or planned community association. Specifies the manner of the application of proceeds.
1-21-00 H Introduced and passed First Reading
1-24-00 H Referred to the committees on 1. CPC 2. JHA ,
referral sheet 4