Bloomberg: Homeowner Associations in Need of Cash Sue to Force Foreclosures
Homeowner Associations in Need of Cash Sue to Force Foreclosures By John Gittelsohn - Aug 23, 2011 08:01 PM Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. (JPM) to foreclose on unit 9, so they sued the bank in February to take control of the property.