Real Estate Advice: Special assessment must be paid

Q: I own a condo in a 45-unit condominium complex. I bought the unit four years ago, but was laid off from my job 18 months ago and have since taken a lower-paying position. Our condo board recently passed a substantial special assessment to address several problem areas in the building and some drainage issues from the parking lot. I know the issues need to be addressed and don’t question the assessment or even the amount. But I am still getting back on my feet from my unemployment, and cannot afford to pay the assessment. What can I do?    Read the article……………


Related Articles

Condo owners want hydrant fee eliminated (MA)

About 100 local condominium owners packed a meeting Monday night to get the selectmen/water commissioners to rescind a fee for

Oral Arguments re: Massachusetts Priority Lien

On January 7, 2015, Thomas O. Moriarty of Marcus, Errico, Emmer & Brooks, P.C. argued before the Massachusetts Supreme Judicial

Short-term rentals irk condo groups (MA)

Piers and some other condo owners in Massachusetts who have made a second career of renting their homes on Airbnb,