answersLogoWhite

0

What is Alaska condo law regarding nonpayment of fees?

Updated: 8/18/2019
User Avatar

Wiki User

13y ago

Best Answer

Your governing documents will give you the answer you want.

Typically, the board files a lien against the owner's title for unpaid assessments with the local court.

As a last resort, the association may foreclose on the unit and sell it, to pay the owed debts.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Alaska condo law regarding nonpayment of fees?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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.


Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the past-due assessments.


Can you file for bankruptcy after the condo assn files for past due assessment fees?

Of course you can. In most states, condo fees become liens on the condo, so a secured debt. You would have to file a C. 13 and plan to pay off the arrears as a secured debt.


What fees does the seller pay on condo sale?

There is no standard, plus all fees are negotiable. The real estate agent involved in your transaction can explain fees to you.


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.


If your home is in foreclosure status can a lien be placed for a unsecured debt?

YES. Condo Fees


What are the condo fees for 6201 Garden Rd Condos?

The board or the association manager can answer your question.


Are condo fees tax deductible?

Not usually. Your monthly assessments -- fees, you write -- pay to operate the community and save money for major repairs.


Can you claim condo fees you have not paid?

Probably not. Just as you can't claim ownership of property to which you have no title.


Can creditors charge late fees on a deceased person's estate when there is no spouse For example late condo association fees late mortgage payments etc.?

Yes.


Can you quickclaim a deed if you owe assessment fees to the homeowners asociation?

The outstanding fees will show up at the closing. Obtaining a certificate that there are no fees due is an automatic part of a closing on a condo unit or a property subject to any association fees.


Is there condo fees with link homes?

Condominium living implies assessments, regardless of the amenities owned by the association.