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By stephen polinsky • December 15, 2014

What is the statute of limitations on condo unit debt in Florida?

condo owner wants to know statute of limitations on paying condo debt 121514 resized 600

I am a member of a Florida Condo Association, and have a legal question. A previous owner of one of the condo units, who is long-gone, owes the bank $75,000. The bank is refusing to sell, as they don’t want to be sued if the previous owner pays the debt.

What is the statute of limitations on paying off condo unit debts to the bank?

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