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All Forum Posts by: Janine Paolucci

Janine Paolucci has started 2 posts and replied 2 times.

Would anyone know at what point during a sheriff's sale the management company is obligated to release the building financials to the winning bidder?  I imagine there are 3 possible points 1) day of sale presenting receipt for 20%  2) once the 10 day right of redemption has expired  or 3) when presented with sheriff's deed.   Thanks! 

Post: Obtaining Building Financials

Janine PaolucciPosted
  • Jersey City, NJ
  • Posts 2
  • Votes 0

Hi, I need to obtain the building financials for a unit I am interested in purchasing but the management company is not allowed to release since the current owner is in default and will be going through a foreclosure at some point in the future.  I am hoping to purchase the unit.  Is there any way for the management company to legally release this info to me without approval from the owner?  The current owner is literally MIA and does not respond to any requests for anything from anyone including his own lender.   Thanks.