Question:
About 2 years ago, a condo in our association went into foreclosure. In December it was finally sold and the new owner took over.
Before the whole mess started, the old owner had water damage in the unit and never reported it to our management service. I know, for I was on the board at the time everything went down.
The new owner saw the damages and tried to negotiate with the new realtor, but they would not budge on the price.
Now, the new neighbor wants our management service to pay for the water damage.
What are our rights in this situtation? Are we responsible for fixing it, or is this on the new owner to fix it herself? She purchased it with cash, and as an as-is unit.
Any help is appreciated. I say I am right and I want to make sure management does not pay for any of this out of our money. Thanks
Answers (4)
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