If you foreclose on a condo how is the hoa affected?

Answer Any association with a foreclosure on its record may suffer these consequences: The revenue stream from the foreclosed-upon unit will cease, which can affect the cash flow of the association thus h... Read More »

Top Q&A For: If you foreclose on a condo how is the hoa affe...

Can Florida law foreclose on condo for non paid condo fees if owner filed chapter 7?

Your governing documents may provide for leverage against both your property title and you personally, for your obligation to pay your assessments. As well, assessments due prior to the date of fil... Read More »

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 »

If you are fined 100 for a violation at your condo and you don't pay it because they won't accept your protest can they foreclose on your condo?

You can find the answer you want in your governing documents.If you were in violation and were given proper notice, and you did not cure the violation, or if you were fined, then, probably, you had... Read More »

Can a condo maintenance company foreclose on a condo?

Read your governing documents and determine under which provision your condominium is being foreclosed.It isn't the maintenance company doing the foreclosing, it's the association's board of direct... Read More »