K.L. from Fairfield County writes: Dear Mister Condo, Do personal injury lawsuits pending need to be declared in resale packages now under the 2010 new CT Statutes? Our attorney has previously said that these suits are private information just for Board Executive Session and not for other owners to know because of privacy issues. I…
Tag: Selling
The Shortcomings of a Short Sale at the Condo
P.C. from New Haven County writes: Dear Mister Condo, I need to sell my condo fast. I have a medical condition that makes it almost impossible for me to navigate up and down the stairs of the townhouse I own. However, I am upside down in my mortgage and will need to “short sell”. I…
Condo’s Common Fees and Taxes are Too High To Sell!
A.C. from Fairfield County, Connecticut writes: Dear Mister Condo, I am having an awful time trying to sell my condo. In the five years that I have lived here, the prices have dropped and the common fees have almost doubled. My realtor says the reason my place isn’t selling is because the common fees (almost…
FHA Mortgage Mess Compounded by Federal Government Shut Down
M.L. from Fairfield County, Connecticut writes: Dear Mister Condo, Hello. I am selling my condo and received a letter from the buyer’s bank stating that the association is not allocating enough percentage of funds (currently 2.2%) to the Reserve account and that the budget needs to be changed to 10% or the sale will not…