HABITAT
The Foreclosure Trick That Banks Don't Want Condo Boards to Know
Written by Frank Lovece on October 08, 2015
It sounds like one of those Internet "clickbait" headlines, doesn't it? Except in this case that headline is pretty accurate. In a sampling of banks large and small, Chase, Citibank, and TD Bank all refused to comment about this "foreclosure trick." What are they going to say? "Congratulations! You got us! Condo boards really can foreclose on apartments in arrears faster than we can, and thus gain leverage over us."
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