If anyone has details of condos being aucttioned for non-payment of annual fees can you let me know?  thanks

 

I have read the current thread about one specifc building but this thread is not related

I haven't paid my over due annual fees yet, maybe after 10 years from know my condo will be auctioned.

15 minutes ago, true word said:

I haven't paid my over due annual fees yet, maybe after 10 years from know my condo will be auctioned.

Per the Condominium Act, "Co-owners  who  have payments  overdue for the  monetary  payments  required  under Section  18  exceeding  a six-month  period  shall  be  subject to  a 20% per  annum  additional  penalty  and  may  risk  having  the  supply  of utilities  stopped  or  may  be  prevented from  accessing  the  common  facilities  as  further  prescribed in the condominium  regulations. "

It really depends on how aggressive your Condominium Association is in pursuing late payers. The Juristic Manager will not issue a debt letter if you want to sell so it is easier to turn off your utilities and wait rather than incurring expensive legal fees. 

It is a lot easier to just let condo owners to pay their due fees on monthly basis, only if the Condominium Act says so.

Edited March 28, 20179 yr by true word

I guess people have their reasons but I don't understand not paying it.

Thailand may be the cheapest HOA fees I have seen in the world.

The Base for example is about $45 a month.  It would be $600 a month for that same quality building in Calfiornia.

I guess if someone has a beef with the HOA then...