When you own a condo, you're generally responsible for two payments, either of which can result in a lien being put on your property. Those are: (1) mortgage, and (2) condo fees. In some cases, there's a third payment, a homeowner's association fee or dues.
Even if the owner has no mortgage, he/she is responsible for payment of the condo fees and HOA fees. Generally in the bylaws there are provisions for penalties or charges against a condo owner for certain actions. Vandalism likely would be one of those. So, if (1) the association can assess condo fees and penalties, and (2) unpaid condo fees and/or penalties can result in a lien against the property, and (3) the association member fails to pay those fees or penalties, then the association can foreclose.
I had a friend who lost two condos that way. He got into a dispute with the condo association, didn't pay some of his assessments (though he was current on his mortgage), and ultimately lost both condos through foreclosure.
Please see a lawyer for more information.
Hope that helps.
You'll need a real estate attorney to deal with the association, unless criminal intent is involved.
Hopefully not - because then two attorneys will be needed - with real estate and criminal specializations.
Condo documents, amendmends, and rules and regulations need to be read re. this.
It is best to settle with the association without getting into a legal battle - much less costly.
You can also schedule regular additional payments - which could ease the burden.
Or - the best is to repaint/remodel/fix (whatever it is) the issue you possibly caused -
as this is usually the cheapest.
Hope this helps,
Beachfront Realty, Inc.
Iris I Romero