Great question, but you really need to explore the specifics with an attorney.
The fact that you don't have a mortage is immaterial. If you don't pay your association, eventually they will get around to suing you and taking a lien against the property, I believe that they also then have the right to collect on that lien by foreclosing the property. It would be very expensive and unlikely, but if there was enough equity there, they might give it a shot.
Coldwell Banker Burnet
licensed MN Real Estate Broker