Question

 How do you disassemble a condo association?

Answer The association is a legal entity and is legally responsible under your state law for certain tasks, such as 'protection, preservation and maintenance' of the real estate assets that the unit owner... Read More »
http://wiki.answers.com/Q/How_do_you_disassemble_a_condo_association

Top Q&A For: How do you disassemble a condo association

What is the maximum amount that a condo association or homeowner's association can recover via Florida's super lien statute and does it vary between HOAs and condo associations?

You have asked a complex and interesting question. It is difficult to find much information on "Super Liens" in Florida. The following is general information only and should not be construed as leg... Read More »
http://wiki.answers.com/Q/What_is_the_maximum_amount_that_a_condo_association_or_homeow...

If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?

Your attorney can help you answer this question, since it requires a legal answer.
http://wiki.answers.com/Q/If_condo_association_forecloses_on_an_owner_does_the_lender_p...

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...

What is the formula to determine the needed reserves for a condo association given the size and age of the condo properties?

The basic way is to identify the components there really is NO specific formula.Set a standard for replacement:Say any item that would cost $10000 to replaceNow you take the useful life span of the... Read More »
http://wiki.answers.com/Q/What_is_the_formula_to_determine_the_needed_reserves_for_a_co...


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