The questions are rolling in about association finances, reserves and loans for condos, including refinance, buy, sell, and reverse mortgages. Here are a few samples: “I am so mad at my condo association. I applied to refinance so I could avoid a jump in interest (yes, I have a variable loan coming up for the [...]
Condo Law & HOA Law for Boards & Owners
Tag Archive: delinquencies
What Happens When You “Walk Away” From Your Condo?
The big question today: “What happens when you walk away from your condo?” Before you do, consider these things: Until you are able to get your name off of the property and turn it over to someone else or the bank, you remain responsible for it. Therefore, in many cases it may best to strive [...]
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I wrote the book, The Condo Owner's Answer Book to address the unique situations that come with buying and owning a condo. It also discusses your rights and responsibilities as a condo owner and a member of a homeowner's association. Includes practicial answers to more than 125 questions about condo ownership. Available now from Amazon.com.