Yes, in 2009 because of the crisis with the condominiums in Florida, the Supreme Court allowed blanket receiverships, where the association can place a unit into receivership and the management company doing rentals would have to send all rental income to the court appointed receiver. The court order stays for years.
The owner of a condo-hotel unit missed her January payment as they were on vacation. She sent the money in February for 2 months, but the management company has the tendency not to cash the checks for 3 weeks, so they cashed it in March. It seems that when they did not have the two months worth of payment, they turned the unit to receiver.
The owner bought a unit in May 2013, and they never even heard about the receivership.
They did not receive any warning about the intent of the Association Management to place the unit with the receiver. The owner has the email from the Association manager dated March 24 that all money is paid and they are in good standing. When they did not get the check from the Front Desk for March, which was due at the end of April, they contacted the Front Desk and were told that the unit is with the receiver, and all money went to receiver.
They contacted the Association management and the answer was that they can contact the receiver themselves and pay $250 to be taken off the receivership.