Foreclosure in 33141>Question Details

R. Davis, Both Buyer and Seller in Miami Beach, FL

Our condo building is so behind with maintenance fees and more, out of 250 condos only 100 are

Asked by R. Davis, Miami Beach, FL Thu Apr 16, 2009

paying hoa fees and special assessments. What will happen to my condo if the whole building closes
down because people just won't pay?

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Answers

1
I have yet to see an entire building "close down" because many owners are not paying the maintenance fees. More often than not, the paying unit owners will be assessed to cover the shortage.

Mott Marvin Kornicki, Associate | Broker
Real Estate In Miami | Miami Beach
0 votes Thank Flag Link Fri Apr 17, 2009
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