Condo Q&A

Should board credit check new condo buyers?

Written by CondoAssociation.com | Sun, Dec 30, 2018 @ 05:47 PM
I live in a 3 unit condo complex. One of the units went into foreclosure as the owner has died. It is up for public auction and has not sold in two months. A very low bid came in and the Public Assistant may consider the bid. Do we as board members and owners have the right to do a credit check on people that bid on the unit to be sure they are qualified since we have home owner dues and a reserve?