Foreclosure fees haunt homeowner associations
The debt collectors working for these associations are asking the courts to use more extreme measures. In a few cases, they have gotten judges to help them freeze and confiscate the bank account of a former owner.
Florida is gliding quietly into a new and potentially painful part of the boom-bust cycle, where stacked-up "deficiency judgments" for unpaid condo fees and unsatisfied mortgages could come back to haunt past owners. Many of them thought they had escaped further costs when they handed their home over to their lender.
When a lender sells a foreclosed home for less than the mortgage, the difference -- or "deficiency" -- is typically registered in the court proceedings as being owed by the original borrower, but it is seldom paid.
The same thing can happen with unpaid condo or homeowner fees. Either as part of the bank foreclosure or through a separate foreclosure action, the homeowner or condo association can ask the court for a deficiency judgment. In either case, even if these debt instruments gather dust for years, they remain valid and are accruing interest at the rate of 6 percent to 18 percent per year.
"We are going to be seeing a lot of this," said Shari Olefson, a Fort Lauderdale attorney and author of "Foreclosure Nation." "Florida is a recourse state, which means they can collect what they can from the property and then they can go after the deficiency by going after the investor personally."
Lawyers for the targets of these suits already are seeing more business.
"I think there is going to be a whole cottage industry based on these judgments -- people coming into the office, saying they are now being pursued for the deficiency," said Matt Englett, a partner in the Orlando law firm of Kaufman Englett & Lynd, whose 65 lawyers spend much of their time defending homeowners from judgments.
Association Law Group, a Miami law firm, is pushing the envelope in this form of recovery.
Working for condo and homeowner associations, the firm calls its new strategy "Total Recovery."
The firm recently recouped $4,000 in one case and is aiming for more than $25,000 in another now pending.
"At this time, we have dozens of these Total Recovery actions in the pipeline to file and anticipate that by next year it may be more like hundreds," said firm partner Ben Solomon.
If lawyers plot their course carefully, they can make the deficiency judgment against the former owner part of the original foreclosure proceeding. That way, the firm can go back for a simple hearing before a judge, rather than a whole new court case, to obtain what is known in the legal system as a "writ of garnishment.
Woodworking Dust Collector - News
The triennial show, now entering its 11th year, will feature all kinds of woodworking machinery, from molding and planing machines, to cutting tools, coating and surface treating equipment, dust collectors, air filters, and furniture hardware and
Three years into the foreclosure epidemic, desperate condominium and homeowner associations are now beginning to employ aggressive law firms and collection agencies in a new tactic aimed at recovering delinquent fees.
He created the venue for a whole collection of kids, a mini-community that came together to play at the Groves place. None of us had expensive sandbox toys, so we created our own out of tin cans, rocks and scraps of wood from dad's woodworking shop.
Now that the dust has settled, Conservative campaign co-chair Guy Giorno said the legislation is more than fair. He told CTV's Question Period the 1.5 per cent wage hike is reasonable given that many Canadians will likely receive less than that this
GFS Booth Blog: A Collection of Interesting Links
The Woodworking industry event of the year! On July 20, the Las Vegas Convention Center will transform in to a haven for every woodworker in North America, as companies from all corners of the world present the latest and greatest in products, services, and technologies. GFS will be present at booth # 9803, and will be happy to chat with you about energy-saving products and technology for wood finishing and dust collection. August 16-18 in Warner Robins, GA - The US Air Force Corrosion Conference brings the top manufacturers in corrosion control technology together with Air Force personnel for a 3-day event dedicated to education and information sharing on the latest in techniques, processes and equipment. GFS will be on-site to discuss our Gen5 paint booths and advanced humidity/temperature/contamination control systems. Society of Collision Repair Specialists is preparing for an even bigger and better SEMA show for 2011. This year, the collision repair section at SEMA will cover a wider range of products and services, and features all the top collision repair equipment manufacturers. Education sessions will also be increased this year, and will cover a wide range of hot issues facing collision repair shops. GFS will be on-site at the SEMA show in the Collision Repair section at booth # 10821.
Woodworking Dust Collector - Bookshelf
American Woodworker
Studies have linked long- term exposure to wood dust to respiratory problems like sinusitis, asthma and emphysema. A good dust collector will make your shop ...The Woodworker's Complete Shop Reference
And aside from the dust that can accumulate in vour bodv, wood dust can also be the cause of fire and explosions. So take your dust-collection accessories ...American Woodworker
"But a good dust collector will make your shop cleaner and more pleasant to work in, ... Wood dust has been implicated in a host of health problems, ...The Small wood shop
Dust Collector Switch An electronic sensor automatically turns the trick ... 1: Anatomy of the automatic dust collector switch All single 220v and 11 Ov ...Wood magazine, how to build a great home workshop
Keep in mind, the air through a dust-collection system must move at a rate of least 3500 feet per minute to keep woodworking dust and debris suspended until ...Daily Data Directory
Dust Collectors for the Woodworking industry
Dantherm Filtration manufactures dust collection systems for the woodworking industry.
Woodworking Dust Collectors - Woodworking Dust Collectors
Woodworking Dust Collectors /Portable Dust Collector s /Medium Dust Collectors /Large ... By investing in the right dust collector these concerns can almost be ...
Dust Collectors < Woodworking < BibbTool.com
Shop Bibb Tool on-line for woodworking and metalworking machinery, industrial equipment, abrasives, power tools, air tools, bits, and accessories. We also provide ...
Woodworking Dust Collectors: Information and Reviews on Wood ...
Don't Choke Up! We have all you need to know on dust collection for woodworking, metal working, and plastic grinding shops
Dust Collectors | Steel City Dust Collectors
Dust Collectors by Steel City Tools at Highland Woodworking. ... We offer thousands of woodworking tools and we stand behind every tool purchase. ...