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 »

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 »

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 »

Can your condo association foreclose on your condo in California?

Yes.Read your governing documents to remind yourself of your legal obligations as a condominium owner.As well, you can read there the steps that an association must follow in order to foreclose on ... Read More »