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Condo association buys unit at foreclosure. What's next?

Posted on Mon, Mar 15, 2010 @ 09:30 AM
  
  
  
  
  
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Our condo association has just been informed that we were the only bidder at a foreclosure. We would like to rent the condo unit for at least one year. What steps do we have to take and what documentation do we need to start renting this unit?
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Review with legal counsel. The steps are usually in your association bylaws. Most often, the association must be notified in writing and have an opportunity to review the lease for compliance with the condominium documents. 
 
Good luck!
Posted @ Monday, March 15, 2010 10:08 AM by Joe Schuirmann
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