condominium associations: WHAT HAPPENS IF THE CONDO ASSOCIATION GOES UNDER?
- 01/25/11 11:56 PM
"WHAT HAPPENS IF THE CONDO ASSOCIATION GOES UNDER?"
That was a question from a home buyer yesterday. This is a cash buyer in the market for a condo in Prince William County to use as rental property for a few years and then live in when he sells his present home.
THE QUESTIONS WERE PROMPTED BY THE LISTING REPORT. There are three properties offered for sale in that community, two short sales and one regular home owner sale. One of the short sale listings wants "Cash Only, too many distressed sales for financing. Condo assn. in trouble"
HOW CAN THE CONDO ASSN. PAY THEIR BILLS? … (104 comments)
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"WHAT HAPPENS IF THE CONDO ASSOCIATION GOES UNDER?"
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