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“Like A Mortgagee”: No Uncertainty With Condo Liens And Foreclosure/Power of Sale

Author: 
Tony Bui
Publication date:
June 2, 2021
Article Summary: 

In this blog post, the author discusses the power of sale and foreclosure rights of a condo corporation and compares them with the rights of a mortgagee. The author explains how condo corporations can use these rights to recover outstanding common expenses from unit owners. The blog also provides a case study where the court upheld the validity of a condo corporation's lien and foreclosure power of sale against a defaulting unit owner.

Keywords: 

Condo corporation, power of sale, foreclosure, common expenses, unit owner, mortgagee, lien, default.

Source Citation: 
Tony Bui
“Like A Mortgagee”: No Uncertainty With Condo Liens And Foreclosure/Power of Sale
June 2, 2021
https://www.ontariocondolaw.com/2021/06/articles/case-studies/like-a-mortgagee-no-uncertainty-with-condo-liens-and-foreclosure-power-of-sale/
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