In Ohio late what happens if you stop paying mortgage and condo fees?

Answer If banks and condominium associations in Ohio operate as they do in most states, you will potentially lose title your unit. The bank can foreclose on an unpaid mortgage, and your condominium associ... Read More »

Top Q&A For: In Ohio late what happens if you stop paying mo...

Can you stop paying for a part of the Condo fees?

In a word, yes. And in doing so, please acknowledge the consequences of this action, as below. Your governing documents are clear about how the association must handle unpaid assessments. When you... Read More »

What happens to a first mortgage on a condo in California when the condominium is the one doing the foreclosure for the association fees?

Generally: The first mortgagee would receive notice, may choose to pay the overdue fees and add those to the amount due to the bank. If not, the condominium association would acquire the unit subj... Read More »

What happens if i stop paying my mortgage?

The overwhelming majority of Americans purchase their homes with the help of some form of lending institution. An agreement is then made stipulating when payments are due as well as amounts. Failur... Read More »

How does a condo association report owners delinquent in paying their condo fees?

The association wants to do more than report owners delinquent. The association wants to collect the debt. Check your governing documents to discover whether or not your assessments are automatica... Read More »