---
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?](https://www.condoassociation.com/blog/tabid/19257/bid/11352/Condo-association-in-a-financial-hole-Should-I-abandon-ship.aspx)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Mon, Dec 14, 2009 @ 11:41 AM

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?

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/11352/Condo-association-in-a-financial-hole-Should-I-abandon-ship.aspx)

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