Posted on: 09th Oct, 2010 04:53 pm
I am 33, lost my husband at age 32 two years ago to cancer and have 3 children. am way under water but able to make payment but am way behind on accociation fees and being harassed often. We get S.S.which just gets us by. My education is limited as far as geeting a good job.
Hi ruthdavid,
If you walkaway from the condo, the lender will foreclose the property. After the foreclosure, you'll be liable for paying the balance amount resulting from the property sale. Apart from this, you'll also have to pay off the back payments to the homeowner's association.
Thanks,
Jerry
If you walkaway from the condo, the lender will foreclose the property. After the foreclosure, you'll be liable for paying the balance amount resulting from the property sale. Apart from this, you'll also have to pay off the back payments to the homeowner's association.
Thanks,
Jerry