Park Place East Condominium Ass'n v. Hovbilt, Inc.

McGANN, Jr., J.S.C.

The plaintiff condominium association (Association or plaintiff) brought this action to foreclose liens for unpaid maintenance fees assessed against seventeen condominium units in a 128 unit complex. The issue presented by defendants’ motion is the amount of counsel fees to which the Association is entitled under the law and circumstances of this case. The facts are not in dispute.

First Fidelity Bank granted a construction loan for the condominium project to its developer, Hovbilt, Inc., (Hovbilt or defendant) and took back a mortgage as security for payment of the loan. In…