Question

 Can a condo be foreclosed for not paying association fees?

Answer They usually don't foreclose for a condo fee, but they will place a lien on the home, meaning it cannot be sold until the lien is resolved. You can read all about the association's responsibilities... Read More »
http://wiki.answers.com/Q/Can_a_condo_be_foreclosed_for_not_paying_association_fees

Top Q&A For: Can a condo be foreclosed for not paying associ...

How does a condo association report owners delinquent in paying their condo fees?

The association wants to do more than report owners delinquent. The association wants to collect the debt. Check your governing documents to discover whether or not your assessments are automatica... Read More »
http://wiki.answers.com/Q/How_does_a_condo_association_report_owners_delinquent_in_payi...

If you own your home outright and the condo association has placed a lien on it for unpaid condo association fees can they take your home if the fees are not paid?

Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several ste... Read More »
http://wiki.answers.com/Q/If_you_own_your_home_outright_and_the_condo_association_has_p...

When a condo owner does not pay monthly fees can the association collect late fees or interest?

Yes, generally. Your governing documents could be very specific on this issue. (Generally, assessments are levied against owners in order to pay the operating expenses of the community. Often, not ... Read More »
http://wiki.answers.com/Q/When_a_condo_owner_does_not_pay_monthly_fees_can_the_associat...

Can Florida condo association turn off electricity for the lack of payments of condo fees?

Read your governing documents to determine which actions your association can take in order to collect assessments that you owe and do not pay. As well, it's reasonable, for example, that if you d... Read More »
http://wiki.answers.com/Q/Can_Florida_condo_association_turn_off_electricity_for_the_la...


feedback
loading