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Bob Couture's profile image
Bob Couture's profile image
Bob Couture
  • from West Springfield, Massachusetts
  • Member since Dec 28, 2013
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Bob Couture's profile image
Bob Couture's profile image
Bob Couture
  • from West Springfield, Massachusetts
  • Member since Dec 28, 2013
Connect
Bob Couture
  • West Springfield, MA
52
Votes |
188
Posts
Foreclosures

Condo Fee Foreclosure

Bob Couture
  • West Springfield, MA
Posted Jul 24 2014, 07:21

Situation: Condo is paid off, but there is $7K in condo association fees outstanding. Condo association is trying to foreclose. Condo needs about $10K of refreshing/updates. ARV estimated at $105K. Monthly condo fees are $320. Area rents are b/w $900-1200. This is a Western Massachusetts condo.

- What would you do/offer?

- Can they not sell the condo on MLS or FSBO if the condo association is filing for foreclosure?

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