When I was 22 I purchased a condo for around $110,000. At the time it was great because the mortgage was about the same price as renting. About a year later the condo association pretty much came to a decision that they wanted to renovate the whole complex. I started receiving letters that the condo fees were going up, ($210) a month and an additional ($28,000) per homeowner. If you couldent pay the 28,000 they worked it out so you would have to pay 250$ in addition to the 210$ condo fee. The condo became way too much for me to afford at my age. I stopped paying my mortgage and condo fees about a year ago and moved out of the condo. I still have the key and check on it from time to time. Yet recently i found a note on the door for a warrent in debt. How do i go about this in court?
If you are already in foreclosure on the mortgage for the property, then it does not make sense to pay the condominium fees. I would strongly suggest that you arrange a consultation with a local bankruptcy lawyer who can discuss your situation and help you decide how to proceed. I do not do that type of work, but that looks like an option you should consider in this case. You can find a local bankruptcy lawyer using AVVO, other websites or a local search on Google. Don't delay
Practicing in Northern Virginia and D.C.
If you don't show up, you will face a default judgment. You may be able argue whether the assessment was properly made. The judge will then set the case for trial. By then, the condo could be foreclosed upon (but only if the process has already started).
Advising bankruptcy at this stage is premature. The lender may just foreclose on the place and end your obligation to pay any assessment. The Condo Association could get a lien on the condo. The lender may either get enough to pay off all debt OR forgive the remainder owed.
See what happens first.
Mr. Goldstein is a Virginia-licensed attorney only. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation. Contacting Mitchell Goldstein or the Goldstein Law Group does not constitute legal representation, nor is any information you provide protected by attorney-client privilege until otherwise advised.
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