Posted on: 01st Jun, 2010 11:41 am
i own a condo in a community of 200 units - only four years old. paid $250k for mine. now assessed @ 120k.
we are currently in litigation.
our 'runaway board' fired our property management company and decided they would manage our hoa on their own (no experience).
now, we cannot sell, cannot refinance and cannot rent our units -due to rental cap imposed by the board.
people are literally walking away from their condos.
is there anything we can do?
we are currently in litigation.
our 'runaway board' fired our property management company and decided they would manage our hoa on their own (no experience).
now, we cannot sell, cannot refinance and cannot rent our units -due to rental cap imposed by the board.
people are literally walking away from their condos.
is there anything we can do?
Hi therese,
I don't think there is much to do in this case. The ongoing litigation should be completed first. Unless the litigation gets over, you won't be able to sell off the property.
Thanks
I don't think there is much to do in this case. The ongoing litigation should be completed first. Unless the litigation gets over, you won't be able to sell off the property.
Thanks