| Court: | VT Supreme Court |
| Facts: | Will fails to pay her condo fees. The Condo Association has an attorney foreclose. There's confusion about wiring of redemption payments, and she's 1 hour late. By that time, the property had been sold for a suspiciously low fee (the attorney had TOLD the purchasers what the minimum price would be). |
| Posture: | Suit to set aside the foreclosure. Trial court awards the property to the purchasers. Appeal. |
| Issue: | Does the Uniform Common Interest Ownership Act bar nonjudicial foreclosure sales that fale to take place in a commercially reasonable manner? |
| Holding: | Yes. The sale is void. |
| Rule: | UCIOA § 1-113 |
| Reasoning: | The legislature intends the foreclosure process to protect condo owners. |
| Dicta: | |