S.J. from New Haven County writes: Dear Mister Condo, I want to sell my condo but the bank needs to ask questions to the condo association. What information do they need? Mister Condo replies: S.J., I assume the bank in question here is the one that will be providing financing to a prospective buyer. Most…
Tag: Selling
Irritated Over Condo Irrigation
B.M. from New Haven County writes: Dear Mister Condo, My husband and I live in a small condo complex where the outside maintenance is paid for by the association. The irrigation systems, however, are individual in that each owner pays for the water used to irrigate the area around their condo. We have one home…
Condo Owner Assessed While Selling… Who Pays?
S.A. from New Haven County, Connecticut writes: Dear Mister Condo, I have a question about assessments for major repairs. I am in the process of selling my condo unit. The association has just levied an assessment for paving. Am I responsible for this or is the new owner? Mister Condo replies: S.A., the short answer…
Effects of Multiple Assessments on Condo Mortgage
E.B. from Litchfield County, Connecticut writes: Dear Mister Condo, I am trying to sell my condo in a complex that just recently had a second assessment levied. I have been told that a potential buyer would now be unable to purchase my unit with a conventional mortgage. Is our complex now ineligible for a conventional,…