All Forum Posts by: Kelly Doyle

I was worried that if they took the profits and it wasn't theirs to take that we'd be liable to pay it back. Sounds like they do get to keep the money - which is good because we just had an assessment that we're all paying until they sell these units...more foreclosures coming so I worry about having to cover all those utilities for long periods and their assessment payments! Thanks for the reply...I feel much better now.

Our association foreclosed on 2 condos, there were no bank liens on the properties. Nobody purchased these units at auction so now the association has trustee's deeds. They keep telling us owners that they can keep the profits when they sell these units, but the way I read Washington's RCW the profits have to go back to the previous owner. I don't want to end up paying a large assessment if they take that money and spend it....does anyone know how this works when it's not sold at auction? I want to protect myself as an owner and not trust the lawyer the association has (but can't afford one myself).