AnneH2
Posts: 78
Posts: 78
Posted:
Has anyone had experience being appointed as a receiver for condo or HOAs? Is the process for becoming appointed difficult?
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FL receiver for HOA & condo associations
Started by AnneH2 • 2 replies • 1423 views
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RobertR1
Posts: 5,115
Posts: 5,115
Posted:
AnneH,
No, not me,
To broaden this discussion I believe I know a receiver has to be assigned by the court after justifiable proof that is the best selection. I know the larger the association the more expert the receiver will be. I do not think a court would just select a random homeowner to be a receiver and I doubt the receiver could have a vested interest in the property. None of this I say is other than opinion, as always. In Sc the case would be assigned to a Master in Equity who will consult with both side or one side, hear evidence establish fact and render instructions. He could decide a receiver is not the way to go as I feel sure if you are talking diestablishment of an association, there can be other considerations or choices.
No, not me,
To broaden this discussion I believe I know a receiver has to be assigned by the court after justifiable proof that is the best selection. I know the larger the association the more expert the receiver will be. I do not think a court would just select a random homeowner to be a receiver and I doubt the receiver could have a vested interest in the property. None of this I say is other than opinion, as always. In Sc the case would be assigned to a Master in Equity who will consult with both side or one side, hear evidence establish fact and render instructions. He could decide a receiver is not the way to go as I feel sure if you are talking diestablishment of an association, there can be other considerations or choices.
MaryA1
Posts: 6,993
Posts: 6,993
Posted:
Anne,
I have no experience in this area, but I would think a court would appoint an attorney, an HOA mgmt company or a company that specializes in receivership (there are such businesses!). I doubt a homeowner, such as you or I, would be appointed!
I have no experience in this area, but I would think a court would appoint an attorney, an HOA mgmt company or a company that specializes in receivership (there are such businesses!). I doubt a homeowner, such as you or I, would be appointed!
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