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Reply to "What happens if I don't pay my condo fee? "
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[quote=Anonymous][quote=Anonymous]Season's Greetings! My condo board just voted to raise our condo fee AGAIN this year. And this is on top of the board raising our fee similarly in 2010. And in 2009. The fees just keep going up and I'm paying several hundred dollars extra on top of my mortgage and condo fee, which was already quite steep to begin with. We were told when we bought several years ago that the fee might go up but our realtor predicted "no more than $100" based on previous raises and so we budgeted for a $100, $200 increase at the most. Now I am paying North Arlington prices for a South Arlington condo and I can't afford it much longer. The condo fee is almost half my mortgage now. Can I lose my condo if I fail to pay the condo fee? Is there anything I can do about this? Do I have to file for bankruptcy? Any advice from HOA/realtors/those in the same situation appreciated. FWIW, we go to the board meetings and vote but are outnumbered on pretty much every issue. [/quote] I saw a legal ad in the paper just yesterday of a HOA selling someone's unit that was deliquent on fees.[/quote]
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