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Associations-Developer going defunct?

In many new projects the Developer is going out of business before it can sell all of the units in the subdivision or condominium.  When they run out of money they also seem to run out of interest.  Because it is likely that there has been no transfer of control of the association to the unit owners, the impact of this disinterest goes well beyond the economic issues that arise.  There is almost always a vacuum of leadership of the association.

There are some effective statutory remedies.  There are also some things that can be done short of litigation.  You need experienced legal counsel to deal with these issues.  We have that experience and can guide you through the process efficiently and with the least amount of expense possible.

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