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Updated almost 13 years ago on . Most recent reply

Account Closed
  • New York, NY
7
Votes |
183
Posts

What happens to my credit if I do not pay condo fees?

Account Closed
  • New York, NY
Posted

What happens if I buy a condo in a LLC and fail to pay the condo association fees? I know I risk losing the property to the condo through foreclosure, but what would happen to my personal assets and credit if I failed to pay the condo fees and lost the property? Could I be hurt at all or is my only risk the LLC and its assets?

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