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 that are paid when the unit is sold, and for a specified number of months.

Savvy associations work with lenders that repossess, to insure that assessments continue to flow in. Otherwise, the expenses of this unit are paid by all other owners.

When owners remain in their units during the repossession process, and fail to pay assessments, again, savvy association boards work with association counsel to file appropriate liens, to insure repayment of as many assessment dollars as possible.