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Condo Owner Can't Sell Because Association Owes $40,000

| Budgets & Finance |   Condo & HOA Law |  


Question:

I am trying to sell a condo and I have had trouble selling it because the association is $40,000 in the hole and mortgage companies don't seem to like that.  Can't these people get in trouble for letting that happen? 

Plus, I will most likely have to take less money for it now and the only buyers we can ask for are cash buyers because of this problem.


Answers (2)

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