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. I am considering the possibility of abandoning the property since it has been empty for almost one year. Any help with this matter?