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HOA Software
By CondoAssociation.com • April 16, 2017

How to compensate for foreclosed unit's condo fee?

There are eight units in our building. One of the units has been foreclosed on. The board raised our association fees by $50 each unit in order to cover the fees due by the unit that was foreclosed on. Is this legal? Or should they be taking this money out of the reserves?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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