tag:blogger.com,1999:blog-6739442929159985935.post3993138987330970780..comments2023-07-11T04:30:30.172-07:00Comments on Condo Issues.com: Your Homeowners Association is BrokeTyler Berdinghttp://www.blogger.com/profile/03447615900980759254noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6739442929159985935.post-90938644248312225732012-08-26T20:16:10.968-07:002012-08-26T20:16:10.968-07:00Any advice on thisi ssue would be very much apprec...Any advice on thisi ssue would be very much appreciated. I have a condo where the association is falling apart. We had a former board of directors that have all be asked to step down and did due to "mismanagement" of money. Therefore, many repairs are needed (roofs, sprinkler system, pool etc) and there is no money. Rumor has it that the new board of directors are planning on raising our already high monthly fee as well as a special assesment fee. Many people are out of work and can barely make their mortgage payment and condo fee now let alone if they raise it and then be hit with an assesment fee. Do you know of any other way an association can work out problems such as this? We are even told that money may be "missing" but may take years to find out. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6739442929159985935.post-88428352157776583742009-02-03T09:29:00.000-08:002009-02-03T09:29:00.000-08:00As a board member I had to make the decisions when...As a board member I had to make the decisions when we started running out of money at our association. There were just too many foreclosures in our building, vacant units, and no revenue coming in. Thankfully we have some good residents who have been helping out, one is a contractor who does free work for us. Without that, I don't know what we would have done! Good advice, thanks for the great read!Anonymousnoreply@blogger.com