Question

 What happens if a resident can not pay a condo association assesment?

Answer The condo association may file a lien against your condo unit. If you still don't pay the dues you owe, the condo association may sue you to foreclose on your condo.I highly recommend working out a... Read More »
http://wiki.answers.com/Q/What_happens_if_a_resident_can_not_pay_a_condo_association_as...

Top Q&A For: What happens if a resident can not pay a condo ...

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...

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 »
http://wiki.answers.com/Q/What_happens_to_a_first_mortgage_on_a_condo_in_California_whe...

What happens if a condo association places a lien on your property for a fine that you believe is unfair and do not wish to pay?

In your governing documents, including board meeting minutes, you can find the violations list, the fine schedule and the process the board must follow when you violate the 'rules' (which you agree... Read More »
http://wiki.answers.com/Q/What_happens_if_a_condo_association_places_a_lien_on_your_pro...

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...


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