There is definitely a "trade off" for low HOA fees hen it comes to condo living. One can generally assume that with lower condo fees there will be an evident lower standard.
If you are looking for a good deal on a condo and applying this criteria into a short sale or foreclosure our recommendation is to do so with care. There are many seemingly great deals in the current market that can bring great liability to purchasers of these properties.
When going this route be certain to do your homework, collecting as mush information on the complex as possible....be sure to review the annual financial report, access the occupancy/ownership information, etc. in an effort to establish if the community is stable.
The Eckler Team