Condo foreclosures receive the highest percentage of deficiency...
Condo foreclosures receive the highest percentage of deficiency notices from the Office of Foreclosure. If you have clients who live in a community association in New Jersey (a condominium, townhouse or single family home) where they pay homeowner association fees (HOAs) or dues and assessments to a community association (COA), the association can foreclose on their residence for failure to pay HOA or COA fees.
NJ CLE :
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