I am an owner of a condo unit but not on the condo association board. I am worried that our
developer will never pay his back condo association dues from the units he owns and
rents ( a considerable amount) extending to the condo association. The developer
formed a shell corporation from which we bought our condo. (We assume that all
owners in our condo building had the same experience.)
The condo association board seems scared to take
any action in the fear that the shell corporation will go bankrupt. With proxies, the
shell corp. has control of the voting for condo board members. Any suggestions for
action?