Montana § 70-23-610 Purchaser At Foreclosure Sale Not Totally Liable For Prior Common Expenses

Montana Statutes

§ 70-23-610 — Purchaser At Foreclosure Sale Not Totally Liable For Prior Common Expenses

Montana·Title 70 PROPERTY·Ch. 23 UNIT OWNERSHIP ACT -- CONDOMINIUMS·Part 6 Conveyances, Liens, and Common Expenses

70-23-610 . Purchaser at foreclosure sale not totally liable for prior common expenses. When the purchaser of a unit obtains title to the unit as a result of foreclosure of the first mortgage or trust indenture, the purchaser and the purchaser's successors and assigns are not liable for any of the common expenses chargeable to the unit that became due prior to the acquisition of title to the unit by the purchaser. The unpaid share of common expenses is a common expense of all the unit owners, including the purchaser and the purchaser's successors and assigns.

Free access — add to your briefcase to read the full text and ask questions with AI

70-23-610 . Purchaser at foreclosure sale not totally liable for prior common expenses. When the purchaser of a unit obtains title to the unit as a result of foreclosure of the first mortgage or trust indenture, the purchaser and the purchaser's successors and assigns are not liable for any of the common expenses chargeable to the unit that became due prior to the acquisition of title to the unit by the purchaser. The unpaid share of common expenses is a common expense of all the unit owners, including the purchaser and the purchaser's successors and assigns.

Montana § 70-23-610 (Purchaser At Foreclosure Sale Not Totally Liable For Prior Common Expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.