---
title: Condo association in a financial hole. Should I abandon ship?
description: Should I abandon my condo unit?  The association is under water and no one is paying their condo fees.
---

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# Condo association in a financial hole. Should I abandon ship?

| [Budgets & Finance](https://www.condoassociation.com/blog/topic/budgets-finance) |   [Fees, Foreclosures, Delinquencies & Collections](https://www.condoassociation.com/blog/topic/fees-foreclosures-delinquencies-collections) |  

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## What do you think? Question:

I have a condo in Brunswick GA. The property management company says that 16% of the condos are not paying their condo fees and therefore it is impossible to sell my unit because the banks will not lend anyone to purchase a condo in this complex of 48 units.

 The HOA's fees went up 17% this year. We are paying a large amount of money for [condo association insurance](https://www.condoassociation.com/condo-association-insurance/tabid/81732/Default.aspx). I am considering the possibility of abandoning the property since it has been empty for almost one year. Any help with this matter?

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## What do you think? Answers (4)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Its not worth paying my condo fees and HOA assessments anymore](https://www.condoassociation.com/blog/tabid/19257/bid/10980/Its-not-worth-paying-my-condo-fees-and-HOA-assessments-anymore.aspx)

### [Bucking the HOA system: Delinquent condo association unit owner tries bankruptcy, foreclosure, and buy back at sheriff's sale](https://www.condoassociation.com/blog/tabid/19257/bid/11560/Bucking-the-HOA-system-Delinquent-condo-association-unit-owner-tries-bankruptcy-foreclosure-and-buy-back-at-sheriff-s-sale.aspx)

### [Should minor condo unit projects require special assessment fees?](https://www.condoassociation.com/blog/tabid/19257/bid/109068/Should-minor-condo-unit-projects-require-special-assessment-fees.aspx)

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