Asked by The Chuckster, Dutchess County, NY • Tue Jul 31, 2012
I live in a small 15-unit condo building. The HOA board is comprised of 4 owners, who recently voted (with no consultation with the rest of us) to put an imported tile roof on the building instead of a normal asphalt shingle roof. The cost of the tile roof is $500,000 versus $50,000 for the normal roof. The 4 board members are all multi-millionaires and the rest of us are not at the same economic level as they are.
My assessment for this "repair" is $25,000 which there is absolutely no way I can afford. They are now threatening to foreclose on my home if I do not come up with the cash.
I feel like I've been steamrolled here -- they voted to do this and have already authorized the contractor to start work (it started three days ago!) -- so there's no turning back on the project at this point.
I guess I'm going to lose my home because the minority of owners wanted a tile roof on the building. Do I have any recourse at all? What if I simply refuse to pay them?
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