HB 2138

RELATING TO MORTGAGE FORECLOSURES

By Representative(s) YOSHINAGA

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