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Can a condo association evict you if you still hold the mortgage?
Wiki User
∙ 12y ago
Classically, eviction is an action taken against tenants, not owners.
Read your governing documents to determine the types of behaviours you can engage in that violate the agreements you made when you purchased your residence.
If your behaviour rises to the level that compromises the safety, security and quiet enjoyment of the community, the association may notify you, fine you and otherwise attempt to modify your behaviour.
When you are unable to pay the fines levied against you for your violations, your governing documents further detail the steps that the association can take when you owe money that you don't pay. The final step here may be selling your unit, in which case, you would no longer hold the mortgage. You could then be evicted, probably by the local Sheriff.
Wiki User
∙ 12y ago
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Can you evict your husband if you are still married and he pays part of the mortgage?
What are you going to use as a basis for eviction? The answer is no you cannot.
What happens if a resident can not pay a condo association assesment?
If a condo resident can't pay an association assessment, the repercussions can vary depending on the bylaws of the association and state laws. Typically, the association might first reach out to the resident to discuss payment arrangements. If the resident continuously fails to make payments, the association may resort to more serious actions, from charging late fees and interest, to placing a lien on the property, or even pursuing a foreclosure. The key is early, open communication to prevent things from escalating. Address the issue as early as possible to find a solution. I've seen similar situations in buildings we managed at Daisy and what worked best was proactive communication and working out a reasonable payment plan.
If your condo goes into foreclosure do you still owe the condo fees?
Yes, until the bank is the owner. The fact you're in foreclosure doesn't change the fact utilities need to be paid as well as your staff. It's not only the bank that can put you into foreclosure; even your HOA/condo association can force the sale of your home due to delinquency.
What happens to the loan when the condominium forecloses for assessments?
You'll need to be more clear about what's going on here. The "condominium" is a building. It can't "foreclose". The condo association can't "foreclose" on you either, since they don't hold title Only the title holder (i.e. your lending institution) can foreclose on the property.What the condo association can do is obtain a lien against the property. This is money you owe them, and if you try to sell the property, they're allowed to collect the amount of the lien out of the proceeds before you see a dime. If the lender forecloses on you, the lien from the condo association doesn't go away; you still owe it, but in this case the condo association will probably take you to court to recover it, most likely by garnishing your wages unless you have sufficient assets to pay it off.
Do you still owe maintenance if your condo is condemned?
If your condo is condemned, it is likely that you will not be responsible for paying maintenance fees. However, it is important to check your specific situation and consult with your condo association or a legal professional to understand your obligations and rights.
Can the bank eject you and your kids from your home?
No, but they may be able to evict you if the mortgage is not paid, and the bank goes thru the legal process to have the courts order you to be evicted. Until it is paid for, the bank still has a legal financial interest in the house.
Does an unincorporated condo association need a federal employer indentification number?
Yes, an unincorporated condo association may need a federal employer identification number (EIN) if they have employees or if they file certain tax forms, such as Form 1120 for corporations or Form 1065 for partnerships. However, if the association is not required to have an EIN, they can still choose to obtain one for various purposes, such as opening a bank account or obtaining business licenses.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
Are you debt free if you have a mortgage?
No. You are in debt as much as you still owe on the mortgage.
Who is responsible for paying for County Inspection Fees when a condo association replaces a garage door?
It is reasonable that the owner of the garage door, who commissioned the replacement, is liable for the inspection. Read your governing documents to determine who owns the garage door. Some individual garage doors are limited common elements, and are still owned by the association.
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
