Search Midtown Atlanta Condos For SaleCondominium living offers lots of advantages. There once was a time when condos were pretty much only found in urban areas like Midtown Atlanta (or your particular city). But as the building race took off, townhome communities built far from any city center were also built with condominium ownership. But it pays you, as an owner, AND as a potential buyer to know what's going on in your community (or building however you wish to describe it.)

I read an article in the New York Times this morning about a condo owner that had a contract on her unit, only to have the Buyer's attorney learn from the Condo Board Minutes that the HOA was suing the developer for repair of structural issues in the building.After trying to negotiate a lower price, the buyer backed out on their contract.

So it made me think.....do YOU know what's going on in your building or community? Do you ever attend your monthly Board meetings? (My last condo could not even get enough owners at the ANNUAL meeting to vote on business.) I think many people that buy in a condo building feel that they don't have to, or need to worry or be bothered with these kinds of details.

Until your potential sale is derailed. Then it's suddenly an issue.

If you live in a condominium community, you just might want to pay attention to what's happening around you.

 

Associate Broker

Thomas Ramon Realty @ Palmer House Properties

2911 Piedmont Road, NE, Atlanta, GA 30305

Direct: 770.713.1505  Office: 404.876.4901  Fax: 404.478.8495

 

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3 Comments on Is Your HOA Involved in a Law Suit? How Will It Effect Your Sale?

MAR
27
2011

Most lenders will not lend on condos where there is active or pending litigation.  I had a lender that turned down a deal on a condo simply because there was an unlawful termination lawsuit filed by a former employee of the HOA.
11:55am • #1
1,120,483 Points 102 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

We just sold a house where there is a ruled on lawsuit with the HOA and a water company.  Of course the ruling has been appealed so it is no telling when it will be over.  But what a pain.
11:15pm • #2
MAR
28
2011
959,150 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thom, this is so true!   We have a couple that I know about in downtown Denver, and it ABSOLUTELY affects a potential sale.      Very worthwhile checking out your condo associations!
10:28am • #3


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Thom Abbott-Search Midtown Atlanta Intown Atlanta Real Estate

Atlanta, GA

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MyMidtownMojo.com Thomas Ramon Realty

Address: 2911 Piedmont Road, NE, Atlanta, GA, 30305

Office Phone: (404) 876-4901

Cell Phone: (770) 713-1505

Email Me

Anything about Intown Atlanta Real Estate you wanted to know but were afraid to ask, or didn't know WHO to ask....you have come to the right place. And if we don't know we WILL get the answer! So WHAT IS Intown Atlanta?
There are many definitions, but let's just say anything inside I-285, or "Inside the Perimeter - ITP" is Intown Atlanta! There are many neighborhoods, from Buckhead, to Brookhaven, Morningside, Midtown, and Midtown West, to actual cities like Decatur, Chamblee, and Doraville.
I work with BOTH Buyers and Sellers. If you are looking for the best Internet Marketing, or a broker that knows the Intown Atlanta area, then you HAVE come to the right place!

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