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……………


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