Condo Association Management Blog

Try this link it looks like it should help in some way: 
http://www.nccob.org/NCCOB/Mortgage/Servicers/Foreclosure+Information.htm 
 
It is a link to the North Carolina Commissioner of Banks- Mortgage Division regarding foreclosures.

I checked that link thoroughly-- everything I saw was either related to helping people who are threatened with foreclosure, or for servicers of mortgages to submit a pre-foreclosure notice. Thanks though--

If the information you are looking for was not specifically on the link- you should be able to find someone in that department that can point you to the correct destination. They govern all mortgage companies (in business or out) and I'm sure you are not the first that needs help, so they probably have something in place to address your issue.

Good idea. I have called and left a voicemail... Thanks.

I would go to the RMC office in your town and have someone help you find out the name of the mortgage lender. See if any new lender has recorded a lien. Most all lenders sell the loans for servicing fees. I would call a lender in your town and find out if that mortgage company went belly up who took over their loans or where they might have been sold to. You need to see if this loan is FHA/VA/ Freddie Mac, Fannie May. Contact a lender in your area. Start there.

If you foreclosed on the property and it was uncontested, and sold, the Association should have title to it, unless of course it was sold to another person or corp. However, you did not indicate it was sold to anyone else.

Okay, to follow up. Todd- No one has called me back at the North Carolina Commissioner of Banks- Mortgage Division. But I guess they're kinda busy these days. Judith-- I don't know what RMC Office means, but will try to figure that out. I've checked w/Fannie Mae and Freddie Mac online resources, and it doesn't come up in either of their databases. Joyce-- that's what I was told by one other person, as well, that we now own it free and clear. Though most people say that if there was an unpaid mortgage on it, the mortgage company will still be owed their money. There were no liens of the property except a small IRS lien from 2006 that I'm not even sure is against the property (or just against the former owner). But no one showed up to out-bid us on it, and no, we haven't sold it. ??? Thanks for all help, by the way. It's really appreciated. Susan

you can foreclose all day long, but are you the mortgage holder?  
 
do you have the deed to the property? 
 
can you sell a car without the title?  
 
you foreclosed on a property that you had no proxy bidder to represent your company and bid on the property on behalf of your association? jeeeeeeeeeeeeez. 
 
you didn't know that NO ONE but NOBODY shows up at those auctions?  
 
what was your point in foreclosing?  
 
did you think it was gonna get you guys a free condo?  
 
did you think it was a "scare" tactic? cuz if ya did, yer sadly mistaken... ask me. 
 
 
 
my condo assn. foreclosed on me 2 times, and i defaulted and let them win the case.  
 
now i'm suing them for fees all the way back to 2004, based on the fact that they knew nothing about their bylaws, i paid fees until over a year ago when i requested receipts and/or contracts for the budgeted items which their bylaws state a 10 day window of opportunity to produce.  
 
6 months later they offered to let me see their books of one year. hell, i could'ah cooked 7 years worth'ah books in 24 hours, much less 6 months and none of the items budgeted for were performed.  
 
so instead of showing up for my summary judgment and having nowhere to go with this issue, i let'em have it and am now suing not only for condo fees of 6 years, but breach of contract, bad faith, and assessing me for a tree which caused mainline sewer damage. i mean crap... i was trippin' balls in that tree in 1975 and they're gonna assess ME to have'ah tree cut down because it's in front of my condo? I DON'T THINKKKKKK SOOOOOOOO... i filed an insurance claim and got my damage taken care of and WTF does condo assn. management think they're gonna get outta a foreclosure? YA CAN'T FORECLOSE WITHOUT A DEED ! ya may getta lien. ya may have someone savvy enough to actually read the bylaws, such as myself, and call you guys on the carpet for everything you've been slack on and take you to task with the state condo assn. bylaws, which there is NO WAY you guys could ever live up, you'd have ta put up and shut up... trust me. once the owner/originators of the contract (bylaws) defaults, all bets are off, the contract is null and void. so every "i" has to be dotted by YOU, every "t" crossed by YOU, or we're scott free... trust that. 
 
since the bylaws were includeed in my mortgage, and my mortgage company went belly-up without notification and acceptance of the purchasing company as the holder, the default of the condo assn. on their own bylaws along with inappropriate notification of the new mortgage holder got me off scott free of that mortgage and yup, i got me'ah free condo. 
 
 
 
HOW YA LIKE THEM APPLES? 
 
 
 
my advice, take it or leave it, is get OUT OF THE CONDO ASSOCIATION ARENA, and that goes for not only association management, but for home owners that're gonna be going into business with a condo association and they are gonna behave like they have controlling interest in your property.  
 
you want idiots having a say-so in your life's major investment? NO.... not just no, but HELL NO ! 
 
and if yer already there like i was when my Dad quit claimed this condo to me? STAND THE HELL UP TO 'EM AND TELL'EM TA SING "YOUR" SONG LIKE THE LITTLE BITCHES THEY ARE... then back it up. do some homework, get a law library card, search the net, spend yer time on youtube.com, do ANYTHING to get'em right where they belong... in'ah strangle hold. 
 
they'll hollar "UNCLE" after not too long, i promise. 
 
if worse comes to worse, make sure you do NOT PAY YOUR MORTGAGE if you see you're not gonna be able to pay it a year from now cuz it'll take 'em long'er that to get you in court, and put your payments in a savings account to fight a legal battle unless you're a dork like me and wanna fight your own. 
 
above all, READ YOUR BYLAWS AND FIND OUT WHAT "THEIR" PROPERTY IS, WHAT "YOUR" PROPERTY IS, AND WHAT "COMMON" PROPERTY IS. 
 
THEN if it gets too big to handle, take everything outta that condo down to the "common" elements. in my case, that's the drywall and out, the concrete floor (so i would'ah taken my hardwood flooring) and anything inside the drywall/concrete slab. so i was gonna go with the crown molding, hardwood floors, toilet, bathtub, tile, hot water heater, all kitchen appliances, including cabinets, and even the KITCHEN SINK ! i was gonna take my 2-ton AC, and any PVC pipes that i had to dremel off to the level of the drywall, and yup, they'd have been left with a condo with little to no equity that they'd have had to put back together, hire contractors, salespeople, and assess the rest of the owners for my property and the bucks they would'ah had to put in it. i also knew they had over the legal limit of rentals, owned over the limit of property themselves, and my biggest joy was callin' their lawyer at least once if not 3 times a day just to say "ya love me, doncha, joey boy. (his name was joseph) and boy did he hit tha ceiling. it was fun to watch. 
 
 
 
nobody wins in these condo assn. dealios, why do folks even consider them? can't you mow your own lawn, get your own insurance, your own termite bond, and do you really wanna pay for sumbody cleanin' a swimming pool that ya may not even use or KNOW IS THERE, which was my case, tell you when ta jump and how high, and WHY THE HELL not just get an apartment... or a free standing house?  
 
(i'll never understand it if i have 2 billion years to ponder it.) 
 
the condo association has good reason.  
 
they're cutting corners and pocketing massive amounts of money that YOU pay and never think to ask to see receipts or contracts for.  
 
 
 
i may go ta hell for being such a bi*ch, but i ain't gonna let but NOBDODY leave MY cheese out'n the wind. 
 
and hell ain't so bad, at least i ain't gonna have to sit by a christian for eternity. 
 
i like lookin' at the bright side.  
 
 
 
~belle