Safe Harbor provision in the Homeowners’ Act and Condominium Act limits liability for first mortgagees (usually banks) who take possession of property via foreclosure, to the lesser of                                        or                                       .

Safe Harbor provision in the Homeowners’ Act and Condominium Act limits liability for first mortgagees (usually banks) who take possession of property via foreclosure, to the lesser of                                        or                                       .