Mortgage Blog

HOA with (minor) litigation is OK now

January 21st, 2011 11:07 AM by Eric Fang

If any of the following satisfies:

1)Non-Monetary litigation involving neighbor disputes
or rights of quiet environment.

2)Litigation for which the claim amount is known,
the insurance carrier has agreed to provide the defense
and the amount is covered by the association's insurance.

3)The homeowners' association is named as the plaintiff
in a foreclosure action, or as a plaintiff in an action
for past due homeowners' association dues.

Posted in:General
Posted by Eric Fang on January 21st, 2011 11:07 AM



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