0
Condominium assessments are paid by owners to support the operation of the condominium community.
Assessments pay for professional services, maintenance and contributions to reserves.
You can review your question to your tax preparer, who may be able to give you a more definite answer, given your association's budget details.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
If your home is in foreclosure status can a lien be placed for a unsecured debt?
YES. Condo Fees
Can I claim improvements to my house onmy federal tax?
Renovations, repairs and/or improvements made to one's home are not tax deductible and neither are your power bill, phone bill, house payment, etc.
When was Home Improvements created?
Home Improvements was created in 2006.
need grsant for home improvements?
grants for home improvements
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.
my husband and i got a va loan to purchase our home in 2007, can we also get a home improvement loan we don't want a home equity loan we just want to consolidate a home improvement loan from sears to another home improve ment loan with lower interest?
It is difficult when you have a Va but try going through CITI finacial You can either consolidate your loans into a 100% VA Loan and get cash out for the home improvements. If the home improvements are considered Energy Efficient improvements, you can borrow over and above the value of your home. We can connect you with a lender that WILL NOT charge you fees for the VA loan.
Can you lose your mortgage free home for nonpayment of condo fee in New Hampshire?
Yes, it is possible to lose your mortgage-free home in New Hampshire for nonpayment of condo fees. Condo fees are considered a lien on the property, and if they are not paid, the association may take legal action, including foreclosing on the property. It is important to review the specific terms and conditions of your condo association to understand the potential consequences for nonpayment.
How do you get a bear condo if you do not have a bear?
Sorry but you must have a bear to get a condo but you can get a beach house or ski home with credits
If you own your home outright and the condo association has placed a lien on it for unpaid condo association fees can they take your home if the fees are not paid?
Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several steps they are entitled to take to collect the debt, including selling your condominium.(When you don't pay your assessments, you ask your neighbors to pay your bills.)It's a good idea to pay your assessments each month.
Can a condo be a first time buyers home?
Yes.
Does Lisa Robertson live in a home or condo?
She lives in a home in West Chester, PA
What does Ho-6 condo insurance do?
Ho-6 condo insurance covers damage to the homeowner's property which includes furniture, computer equipment and clothing. It also covers losses under the owner's master policy deductibles. In addition it provides coverage for improvements or upgrades as most master insurance policies only cover the condition and value of the home as it was at the time the policy is opened.
