HERE'S ONE FOR THE BOOKS

By Darlys Walker

Published January 27, 2016

 

The reports of widespread errors occurring during the foreclosure process are almost as numerous as the foreclosure themselves.

  
A luxury condominium community in central Florida is one of those cases.

A unit, which had not paid fees in a number of years, was foreclosed upon by the association. The foreclosure was handled by the association attorney and proceeded without incident. The association was awarded the title to the condominium, and all was good.

 

Right? WRONG! When the association received the title, they realized that the court clerk had transposed the unit number. For example, unit 403 was foreclosed on but the clerk wrote down unit 430. The attorney for the association was immediately notified of the error and we were informed the only way to correct the issue was to start the foreclosure process again, on the correct unit. As a side note, wouldn't it have been easier for the court clerk to redo the paperwork? After all, it was just a mistake!

The sale was restarted and guess what, someone (not the mortgage holder) came in and bought the unit out from underneath the association!

  
The board is currently weighing their legal options on if and how to proceed! I would like to hear your thoughts on this and what you think could or should have been done differently.
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Darlys Walker, Founder and CEO of Condominium Concepts Management, Inc. (CCM), is recognized for her straight talk, subject matter expertise, and valued insights regarding real  

state management, leasing, and HOAs. Her company serves a diverse portfolio of properties, from 16-units up to 600 as well as large mixed-use developments.  

 

   From its beginnings in 2000, CCM has become a well-respected asset manager and now works with over 100 associations with 16,000 units served by over 300 employees. Darlys and her team deliver resources and responsiveness through six regional offices - in Orlando, Miami, Jacksonville, Charleston, Nashville and Atlanta.

  

   Darlys Walker is best known for her passion and precision, understanding that the only difference that matters in today's demanding marketplace is service delivery ... doing what is promised and what is right. She knows that every community serves two masters ... the property owner/developer and the resident/homeowner. "If we are not equally responsive to both, we are not doing our job," she states.  

 

   Her clients say it best: "Darlys really knows her stuff" ... "at the top of her profession and it shows in the caliber of her clients" ... "delivers quality resources that match up well with needs and expectations that are really rigorous."  

 

   She is a licensed Real Estate Broker in four states, holds an Associate's Degree in Marketing and has earned the Accredited Real Estate Manager designation from the Georgia Institute of Real Estate Management. Also she is one of few certified as a Lead-Based Paint Abatement & Removal Trainer in Georgia.

  

   Darlys Walker and her team have been selected to manage the condominium conversion process and day-to-day operations for many of the Southeast's most high-profile condominium communities including luxury high-rises, mid-rises and garden-style homes. Most recently she has been recognized as an expert in 're-versions' of communities from condominiums to leased homes, as well as repositioning projects. A visionary and a tireless perfectionist, Darlys demonstrates hands-on leadership, working individually with each client and staff associate to achieve defined business outcomes and satisfaction.  

  

  For more information about Darlys Walker and Condominium Concepts Management, Inc. please visit www.condominiumconcepts.com.

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