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Can they really do this?

Submitted by Anonymous on Sat, 10/11/2008 - 5:58pm.

Last month I received a $2500 assesment from my homeowners association which is ridiculous!

Here's the situation...I bought in at the peak, only mortgage, not a flipper...etc. My mortgage is $150k and the market here I would be lucky to get 100K for this 1 bedoroom condo. So when I saw this assessment I was like fvuck you! Our complex has almost a 50% foreclosure rate because of all the prospectors that bought in when they went condo.

My real question is, they are threatening foreclosure on ME! Can they really foreclose on my property because I refuse to pay this ridiculous assessment?

If it would help I can scan the letter that was sent to me.


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If you live in AZ your

Submitted by Anonymous10 (not verified) on Wed, 11/19/2008 - 11:48am.

If you live in AZ your answer is yes!


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TO ANONYMOUS: Could you

Submitted by Pat Haruff on Sat, 11/22/2008 - 12:55pm.

TO ANONYMOUS:

Could you please tell us what State you are in? The answer above could be in error.

Was this $2500 assessment a Special Assessment and did the members vote to approve it and when?

Was it an increase in the "Regular Assessment"? How much was the previous regular assessment?

Pat
www.CHORE.us


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