D.D. from New Haven County, Connecticut writes: Dear Mister Condo, We have received a special assessment in addition to our HOA fees. It’s relatively large. They are telling us this 2 weeks before it’s due. Is that legal? Mister Condo replies: D.D., I am not an attorney so I cannot speak as to the legality…
Category: Condominium
Condo Association Can Foreclose on Mortgaged Condo
S.P. from Delaware writes: Dear Mister Condo, My condo Board says they can foreclose on my condo because I have fallen behind in my common fees and haven’t been able to make a payment towards a Special Assessment levied earlier this year for a new roof. I say they can’t foreclose on my unit because…
Underinsured Condo Concerns Owner
T.M. from Placer County, California writes: Dear Mister Condo, Our condo association is made up of a mix of stand-alone units, duplexes, fourplexes and an eight-plex. Ours is a stand-alone unit. We try to keep our own insurance up to date as building costs rise but feel the association is WAY underinsured as a whole. The…
Reallocating Condo Reserve Fund for Unusual Expenses
Anonymous from Connecticut writes: Dear Mister Condo, Could you comment on the definition of a condo’s “reserve account” and what it is intended for and how the funds can be used? For the past 10 years, our condo has been running smoothly but this year a few events happened that is well above our control. We…