I recently moved into a condo association which did not disclose on its financials a loan of over $300,000. We are not a large association and it was frightening to discover that I was responsible for this 10 year debt payment. On top of that the monthly dues were increased for the year and this was also not disclosed to me. I was wondering if anyone could comment on whether or not this is fraudulent on the part of the management company we are paying money to for financials, etc. I am shocked they can get away with this. Should I call a state agency ?
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