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Reply to "What happens if I don't pay my condo fee? "
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[quote=Anonymous]Real estate attorney here. I want to clarify something. Its not that the condo association will force a sale; they will foreclose on your unit. They might also sue you for the balance. if your condo docs are well written you will be denied use of common facilities too. No one is making a profit from your condo dues, except for a 5% fee charged by the management company. Otherwise it costs no more to own a condo than house (admittedly a condo may have items a house would not, like full time front desk, but you knew that when you bought). If you cannot afford your condo dues, you cannot afford a house either (what would you do when the roof needed to be replaced). The only pity from me, is for your fellow unit owners who will now have to spend money foreclosing on you.[/quote]
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