---
title: Condo association forced to work with bank's foreclosure partners
description: I am Board President in a 52 unit condo development located in New Jersey. The court appointed a company to provide rent receivership services
---

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# [Condo association forced to work with bank's foreclosure partners](https://www.condoassociation.com/blog/tabid/19257/bid/75634/Condo-association-forced-to-work-with-bank-s-foreclosure-partners.aspx)

 Written by [stephen polinsky](https://www.condoassociation.com/blog/author/stephen-polinsky) | Tue, Jan 3, 2012 @ 12:52 PM

I am a Board President in a small 52 unit condominium development located in New Jersey. The court appointed a company to provide rent receivership services on a unit that is in foreclosure in the community. The Board did not approve the appointment and does not want to work with this particular vendor. She has since presented a bill for $750, which is completely arbitrary. She never presented a fee schedule and again, we did not sign a contract or agree to this process. Our attorney says to pay her or be sued. Does anyone have a similar experience and is this our only option? It seems like extortion to me and I am totally against paying her.

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/75634/Condo-association-forced-to-work-with-bank-s-foreclosure-partners.aspx)

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