Ask a Real Estate Pro: All unit owners have to help pay for new roof

Q: The board of directors of our condominium association is contemplating taking out a loan to help pay for a new roof. That leads to all sorts of questions. How would this affect us? Would the lender put liens on the units and would they be harder to sell? What recourse would the lender have if we were unable to repay the loan?   Read the Q&A…………..