The Rico Case against Armando Montelongo intensifies as the number of Plaintiffs more than Double in count: 356 claim severe damages.
The real estate investing world has since changed. Foreclosures have dried up, people think their houses are worth more than they are. Who can blame them, really?
Condo associations have the right to foreclose based on unpaid dues. Sometimes they go to high bidders, sometimes they revert to the association. This does NOT extinguish any underlying lien. Therefore, the association or the new title holder can enjoy, lease, or otherwise CONTROL the property subject to underlying liens.