It depends on the language of the Condo Declaration.
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An association whose bylaws would not require you to pay the debt would be putting it's financial stability at risk. Most likely, you will still be liable for the debt. An attorney could review the bylaws and any contracts associate with the condo to determine what you might owe.
Though I agree with attorney Napleton that the answer to your question depends on the association's governing documents, it is extremely common for associations to have the right to take possession of a unit and rent it out to cover unpaid association dues.
In my experience associations do not take possession until you are quite far behind on your dues and it is unlikely that the rent generated will ever get you caught up on your debt. You will also likely be responsible for the attorneys fees incurred by the association.
Are you currently in foreclosure? Is this an investment property or your home?
Losing possession of your condo is pretty serious and you should consult with an attorney to try to avoid losing the unit and having your debt spiral out of control.
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