Condo Q&A

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

Written by Andrea Wasik | Tue, Jun 23, 2015 @ 02:25 PM

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.