How does a condo association foreclose on a unit?

Answer By filing liens against the owner(s) of the unit. If the liens go unpaid, the association can foreclose on the unit and sell it in order to satisfy the liens.More DetailForeclosing a unit to pay an... Read More »

Top Q&A For: How does a condo association foreclose on a unit

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 »

How does our condo association foreclose and collect the amount they are owed?

Read the governing documents; look in the index under Assessments. Then read about the process for notifying the owner of a delinquency, the owner's right of appeal or petition, and other steps tha... Read More »

Can a condo association foreclose on an homestead property?

Your state law regarding homestead property ownership and those rights, obligations, responsibilities and how they relate to ownership within an association are both involved in the answer to this ... Read More »

If the cable tv company causes water damage to a condo unit will the condo association insurance cover it?

As a condominium owner, generally, you are covered by two insurance policies:The master policy, which insures all the assets owned in common, and may include liability insuranceThe HO-6 homeowner's... Read More »