Steve,
We still pay our mortgage every month. At this point I think everyone is right and I should consult a real estate attorney. Thanks for everyonese help. - Tue Jul 8 2008, 15:01
Don,
I am sure we have equity we purchased the property for 200,000$ 3 years ago owe roughly 185,000 on it and it is worth atleast 300,000 if not 315,000 as of right now (based on comps in the same complex). The assessment was for 7,000$ a years worth of dues and attorney's fees. We were not in a position to sell the condo at the time of the foreclosure and there were many extending circumstances including deception etc... from other parties. Thanks for your help I appreciate it all. - Tue Jul 8 2008, 14:25
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.