Joyce Kovich Posted March 28, 2011 at 02:24 PM Report Share Posted March 28, 2011 at 02:24 PM Good morning:I live in a condo complex which was renovated in 2003. We were given the option of paying the assessment up front or becoming part of a loan. I paid my share up front and did not sign onto any loan agreement which about 60% did. Now we are being told that there is a shortage of over one hundred thousand dollars on the loan interest and the Board of Directors have sent out notice that we would all be assessed for these outstanding monies. What I want to know is can they hold you responsible for paying a loan that you did not sign up for - in other words, I feel that since I pain my assessment up front in 2003 I cannot understand how they can assess me again for this interest.Thanks a lotJoyce Link to comment Share on other sites More sharing options...
Robert B Fish Posted March 28, 2011 at 02:32 PM Report Share Posted March 28, 2011 at 02:32 PM Your question is far beyond the scope of this forum. If you have questions about the authority of your HOA to impose an assessment in your case, you should contact an attorney. -Bob Link to comment Share on other sites More sharing options...
Rev Ed Posted March 28, 2011 at 03:50 PM Report Share Posted March 28, 2011 at 03:50 PM I concur with Bob on this - this is an issue for a lawyer to deal with not RONR. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.