<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">

Who pays for the assessment on a bank-owned condo unit?

CondoAssociation.com on Mon, Oct 18, 2010 @ 07:56 AM


Our HOA is having a special assessment which is $150.00 a month for 6 months. Out of 81 units I know two that are bank-owned, one has a default notice on the door. If these units do not pay the assessment, is it absorbed by the other members in the HOA community? Is there a way to tell how many units are in default or not paying dues. I would like to know what this assessment will really cost me. Thanks

Subscribe to Email Updates

Need an HOA Loan?

Posts by Topic

see all