Newport Miami Beach Condominium Association

Information

Información

Please check this section regularly to be on top of the condominium news. Por favor consulte esta sección regularmente para estar en al tanto de las noticias del condominio.
To all owners of timeshare interests in the Newport Miami Beach Ownership Plan:

Newport Miami Beach Condominium Association, Inc., a FL not for profit corporation , the managing entity of the Newport Miami Beach Ownership Plan, has the right to elect to use the trustee foreclosure procedure authorized under Fla. Stat. §721.855 to foreclose against unit owners who have not paid their assessed maintenance fees and taxes.

If a timeshare owner fails to make timely payments of timeshare plan common expenses, ad valorem taxes, or special assessments, an assessment lien against the timeshare owner’s timeshare interest may be foreclosed in accordance with a judicial foreclosure procedure or a trustee foreclosure procedure, either of which may result in the loss of the timeshare owner’s timeshare interest.

If the managing entity initiates a trustee foreclosure procedure, the timeshare owner shall have the option to object pursuant to Florida law, and in such event the managing entity may thereafter proceed by filing a judicial foreclosure action.