Subscribe to Blog

Your email:

Follow Us

Looking for answers?

condo association blogCan't find the answer you're looking for?  Ask your question here and we'll post it in our blog.

Browse by Topic

Condo Association Management Blog

Current Articles | RSS Feed RSS Feed

Can condo association assess bank-owned unit?

  
  
  
  
  
Our California condo association recently assessed us for exterior repairs and several homes are in foreclosure and have not paid due or the assessment. If the bank owns the property are they obligated to pay the assessment prior to selling the unit? If not can the HOA not do the exterior renovations for those units? Thank you.
Tags: 

Comments

Hi, Well, they are the owner, so I see no harm in trying. If they don't pay, you still have a lien.
Posted @ Tuesday, January 04, 2011 2:19 PM by John
download a copy of the california co9ndominium act. You'll find your answer in this state law.
Posted @ Tuesday, January 04, 2011 2:46 PM by Scott
Hell yes they are obligated to pay! We have the most success with banks. It takes persistence, but once you get set up on their system for payables, they are the most steady payers in the entire community. 
 
Darron Hay 
 
Assessment Recovery
Posted @ Tuesday, January 04, 2011 3:57 PM by Darron Hay
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics