SB 1196, which goes into effect on July 1, states that when first mortgagee takes title to a unit through foreclosure, the foreclosing lender is liable for six months of the unpaid common expenses on that unit.
SB 1196, which goes into effect on July 1, states that when first mortgagee takes title to a unit through foreclosure, the foreclosing lender is liable for six months of the unpaid common expenses on that unit.
