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Foreclosures Purchased by the AOAO. The host for this show is Raelene Tenno. The guest is Na Lan.
In this episode, we discuss the steps an AOAO would take when a unit owner is delinquent on the maintenance fees, the collection process, and the process up to foreclosure. What happens next? What does the AOAO now do with a unit they own? Can they keep it as a AOAO owned unit forever and what happens to any existing mortgage already outstanding on the unit?
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