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Read your governing documents to determine which actions by you jeopardize your title.

Typically, if you do not pay your assessments, one remedy -- usually of last resort -- is to foreclose on your unit and sell it to pay the debt you owe.

If the dispute has reached the level where your ownership is in jeopardy, it's wise for you to work with a condominium-savvy attorney to help you protect your home. It's possible that you have ignored notices, and given the opportunity, your board can work with you to resolve the dispute in another way.

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Q: Can a condo association take my condo over a dispute?
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Can your condo association take possession of your condo in Florida?

Read your governing documents to determine the cause of this apparent threat. Since you chose Liens as another category, you may have a lien on your title for unpaid monies that you owe to the association. As a last step in collecting monies you owe, your association can take possession of your condominium and sell it. This process is written out in your governing documents.


Lost my job have not paid condo fees for years I own my condo and pay monthly mortgage but not enough money for condo fees. I am on ssi and food stamps.?

You can wait for the association to take action against you for the debt you owe, or you can take action and explore payment plans that fit into your current situation.


Who is liable for a fall sustained in a parking lot of a condo?

It's possible that the condominium association carries liability insurance. You can make your claim with the board of directors of the association, who will take it up with their insurance carrier.


Can you lose your mortgage free home for nonpayment of condo fee in New Hampshire?

Yes, it is possible to lose your mortgage-free home in New Hampshire for nonpayment of condo fees. Condo fees are considered a lien on the property, and if they are not paid, the association may take legal action, including foreclosing on the property. It is important to review the specific terms and conditions of your condo association to understand the potential consequences for nonpayment.


Can a condo association file a lien against you for not paying for work that they authorized on your personal property without consulting you?

The answer depends on the details. There are circumstances when it would be necessary for an association to take that initiative.The answer depends on the details. There are circumstances when it would be necessary for an association to take that initiative.The answer depends on the details. There are circumstances when it would be necessary for an association to take that initiative.The answer depends on the details. There are circumstances when it would be necessary for an association to take that initiative.


Is a unit of a condo association able to secure a SBA loan if association rents out property?

No, a unit of a condo association does not have the authority to secure a Small Business Administration (SBA) loan. SBA loans are typically available to individual businesses, and not to individual condo unit owners or associations. It is important to consult with a financial professional or lender to determine the best financing options for the condo association.


Can Florida condo association turn off electricity for the lack of payments of condo fees?

Read your governing documents to determine which actions your association can take in order to collect assessments that you owe and do not pay. As well, it's reasonable, for example, that if you don't pay your monthly assessments, and the association pays your electric bill from assessments that are collected, that they can deny electric service to you, since you aren't paying for it.


What happens to the first mortgage on a condo in Florida when the condominium association forecloses for unpaid association fees?

For the condo association foreclosure to be valid, the bank who holds the mortgage must be notified of the foreclosure action, and the mortgage company has the opportunity to do a couple of things: They can pay the delinquent condo fees themselves, to protect their own interests, and force the borrower to pay them back. If the borrower is unable to repay the condo fees, it could put the mortgage payments in default, and be grounds for the lender to begin foreclosure proceedings. If the borrower is behind in their mortgage payments, the bank can join in the condo association's foreclosure action themselves. This is actually a great assistance to the bank, as it saves them the time and trouble of initiating the lawsuit - they just get to piggy-back on the condo association's foreclosure, which makes the foreclosure sale happen that much sooner. And since the bank's lien has priority over the condo association, the bank would be the one to get paid off first if the property got sold to a third party at the foreclosure sale, or if nobody bid on the property, they would be the ones who would become owners of the condo. If, for whatever reason, despite getting proper notice, the bank does nothing and the condo association forecloses on the property. The first mortgage holder has a lien that always survives the condo association's foreclosure. In fact, second mortgages are usually superior to the condo association's lien for unpaid maintenance fees. Usually the condo association gets stuck with owning a property with at least one outstanding mortgage with an outstanding mortgage balance greater than the actual value of the property because of the decline in real estate value. Most condo associations allow the first mortgage holder to foreclose on the property after their foreclosure is done. The main point is that in Florida a condo association foreclosure has no effect on the first mortgage.


Can a condo association take my condo after placing a lien?

Typically, yes, if it is a bona fide lien due to not paying your assessments or for a fine as a result of non-compliance with house rules. Note that laws vary from state to state, so it is a good idea to talk with an association-savvy attorney in your area for more info on your state's laws. Try to work out a payment plan with the condo association if you are in financial trouble. Your mortgage company might also be able to help. Note, however, that they may declare your loan in default for not paying your assessments.


What happens to the loan when the condominium forecloses for assessments?

You'll need to be more clear about what's going on here. The "condominium" is a building. It can't "foreclose". The condo association can't "foreclose" on you either, since they don't hold title Only the title holder (i.e. your lending institution) can foreclose on the property.What the condo association can do is obtain a lien against the property. This is money you owe them, and if you try to sell the property, they're allowed to collect the amount of the lien out of the proceeds before you see a dime. If the lender forecloses on you, the lien from the condo association doesn't go away; you still owe it, but in this case the condo association will probably take you to court to recover it, most likely by garnishing your wages unless you have sufficient assets to pay it off.


If I file bankruptcy and I'm on the deed for my son's condo can they take the condo away?

Your interest in the condo will be considered part of your assets.


What if the condo owner does not keep condo in good condition?

If the condo owner does not keep the condo in good condition, it could negatively impact the value of the property and potentially violate any rules or regulations set by the condominium association. The condo owner may face fines or penalties and may be required to make repairs or improvements to the unit. Additionally, neighboring condo owners may have the right to take legal action if the lack of maintenance or upkeep affects their own property.