In Ohio late what happens if you stop paying mortgage and condo fees?

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If banks and condominium associations in Ohio operate as they do in most states, you will potentially lose title your unit.
The bank can foreclose on an unpaid mortgage, and your condominium association may have the same rights for non-payment of your assessments.

At some point, if you continue to live in the unit, you will be evicted.
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What happens if you stop paying the mortgage?

If your account is still in Escrow, your account will be closed "Purchasers default" which basically means they cant touch your credit because they didnt get a chance to deed

What happens if you stop paying your mortgage?

Answer . \nThe lender will foreclose on the property and the borrower will be evicted. \n. \nThe property will be sold according to the real estate laws of the state in w

Where do you pay discharge of mortgage fee?

If the mortgage has been paid and you receive a discharge from the mortgage holder, it must be recorded in the place where deeds are recorded and the filing fee paid there.

After foreclosure do I have to pay condo fee?

Assessments - you call them fees -- pay for the operation of thecondominium community. Whoever enjoys the ownership privileges ofthe community is liable for the monthly assess

When a condo owner does not pay monthly fees can the association collect late fees or interest?

Yes, generally. Your governing documents could be very specific on this issue. (Generally, assessments are levied against owners in order to pay the operating expenses of the

Do you have to pay condo fees if condo board does not follow guidelines?

Yes. Apparently, your question implies that using your leverage by not paying your assessments will change the behaviour of the board. This is not a valid assumption. Rea
In Liens

Do you have to pay condo fees if you cannot get into condo due to fire?

Yes. One key benefit of an HO-6 -- condominium owners' insurance policy -- is the option to insure against loss of habitation, which can include paying your assessments duri
In Liens

Can you stop paying for a part of the Condo fees?

In a word, yes. And in doing so, please acknowledge the consequences of this action, as below. Your governing documents are clear about how the association must handle unpa
In Liens

Do you have to pay condo fees if condo does not follow guide lines?

Your attempt to correlate your obligation to pay your assessments with the board's responsibility to follow the governing documents is not a valid correlation. Read your gov

Who pays for condo fees when it is reposessed?

Your state law may help decide who ultimately pays assessments once a unit owner discontinues paying them. Sometimes, assessments area declared as 'super-priority' payments