For purposes of a recall election, how does the fact that 30% of the
properties in our development were foreclosed and are now owned by banks
affect the vote?
: Bank-owned units count toward the total voting power of the association. Banks, provided they are in good standing
have the right to vote in a recall. Unfortunately, banks rarely
participate in any votes unless the issue directly affects the bank, at
which point they vote "no" and preserve the status quo.
: Associations needing legal assistance can contact us
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