I am in a 11 unit association. The developer sold four units but now refuses to sell anymore. He keeps total control and banks will not finance purchases because it is over 50% builder owned. He refuses to pay any HOA fees because he wrote a rule that he does not have too until he only owns one unit (he never will since he won't sell anymore). He uses the HOA account to pay all repairs for his units too, etc....
A friend said he has to pay HOA fees if he does not have any units listed for sale? Is this true? That would mean he owes over $100k in back fees and the rest of us will go to court. We can put liens on his units and take care of this. We are in South Carolina.
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