Our condo association board has had some concerns about enforcement of a $17,000-$20,000 special HOA assesment that is needed for a siding and woodwork total replacement for our 262 unit 42 building condo community.
I have heard that forced forclosure on delinquent condo owners may not be all its cracked up to be becuase if the property does not sale - the HOA could be liable for some costs. Currently we have a 47% delinquency rate. I'm out of options of how to actually get repairs / projects completed without a more strict enforcement besides a lien.
Any suggestions or direction ....thank you! Angela
