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Chapter 183A: Section 22 — Foreclosure of condominium development; liability of lender and developer

Section 22. In the event of a foreclosure upon a condominium development, the lender taking over the project shall succeed to any obligations the developer has with the unit owners and to the tenants, except that the developers shall remain liable for any misrepresentation already made and for warranties on work done prior to the transfer.


Source: Chapter 183A of Massachusetts General Laws
Information Last Refreshed On: 7/10/2012