Wednesday, September 22, 2010

At My Service

I was served with a court summons today.

Okay, not really... as treasurer of the condo board I was obligated to file a lien against a unit owner in significant default on paying the monthly fees. Evidently that was enough to trigger their bank to begin foreclosure proceedings. I received a copy when a processor arrived to serve the papers. If not resolved within 30 days, the bank takes over. And as a secondary creditor, we receive payment to cover the fees after the bank's mortgage is satisfied.

You hate to see a good person put in this situation. You never know which way the wind will blow. Hopefully it ultimately fills their sails in a good direction.

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