Question

 Can you charge reoccurring late fees on unpaid condo assessments?

Answer Read your governing documents to determine the process and structure of late fee charges. If you are behind one month, and the late fee is $30 per month that you are behind, and you continue to pay... Read More »
http://wiki.answers.com/Q/Can_you_charge_reoccurring_late_fees_on_unpaid_condo_assessments

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A lien for unpaid assessments has been placed on your unit by the condo association - can they foreclose on your condo owned outright?

You can find the answer you want in your governing documents.Usually, regardless of the ownership status -- outright ownership or mortgaged -- unpaid condominium assessments represent an automatic ... Read More »
http://wiki.answers.com/Q/A_lien_for_unpaid_assessments_has_been_placed_on_your_unit_by...

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...

How does a MN condo association file a lien to collect unpaid assessments?

Read your governing documents to determine whether or not assessments are automatic liens.Best practices indicate that you need to work with your association's attorney to file the necessary paperw... Read More »
http://wiki.answers.com/Q/How_does_a_MN_condo_association_file_a_lien_to_collect_unpaid...

How can a condo assoc have unpaid assessments show up in owners credit report?

Your assessments cover your share of the expenses that the association pays to operate and preserve the property that you own. If you enjoy the amenities without paying for them, essentially you're... Read More »
http://wiki.answers.com/Q/How_can_a_condo_assoc_have_unpaid_assessments_show_up_in_owne...


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