A recent High Court ruling has just drawn a sharp new line around a question that has long unsettled auction buyers and management corporations alike: When a bank forecloses on a defaulting owner’s unit and sells it off at auction, does he also, along with the keys, inherit the baggage of years of unpaid maintenance bills?
Picture this: you bought your apartment unit over 30 years ago. You have paid off your loan, kept up your maintenance fees, and played by every rule. Yet today, you still do not hold a strata title in your own name.
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