Recouping Money from Banks that Foreclose on Units

Originally posted September 30, 2011 by Ryan

I like this idea from a recent Palm Beach Post article:

“Parra’s methods include charging a $1,000 fine if exterior door locks are not the same. When a bank repossesses a unit, it typically changes the locks but doesn’t read the association rules requiring uniformity and ends up owing the fine. The same goes for leaving the trash can out – a $100-a-day mistake that can cost banks up to a maximum of $1,000.”

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