That means a very large special assessment is very likely.

But I always go over first and assess the damage.

I this specific deal I am hoping to purchase a 4 unit for $150k with $2900/month gross rent that should assess for at least $240k.

Then get your contractor over quickly to assess the situation.

Not only HOA fees can be increased anytime, HOA can slap a Special Assessment Fee if they make a high-cost repair (siding, roof etc).

Estate sale with no outstanding taxes or assessments that I can find.Exterior: Brick in above average conditionRoof needs tear off and reshingleNew gutters/downspoutsFront steps (limestone block) need redo9 windows need replacement-average size is 28x42Garage needs new doorsInterior:Needs new kitchen-everythingBathroom needs updatingRefinish hardwood floors-in good shape overallNew interior doorsNew paint throughoutUpdate interior hardware, fixtures, etcBasement:Damp-due to poor/nonexistent gutters/downspoutsClean/paintInstall washer/dryer hookupsMechanicals:New HVAC needed but duct work looks soundNew water heater neededReplumb, all galvanized-pretty straightforward plumbing jobElectric was upgraded to 100 amp breaker service approx. 20 years ago.

Expect to have some special assessments every once in a while with a building this age - not for new roof etc which is foreseen but things like changes to code (i.e. retro-fitting to add sprinklers in every unit) and things like that.

They assess me in my market at 2-3 times the legitimate value of my rentals.

Is there some reason you feel entitled to not pay your HOA assessments?

According to that site : Foreclosing Loan InformationTransfer Date8/27/2007Transfer Value$93,483Tax Assessment InformationLand Total$10,000Improvements$102,230Assessed Total$112,230History of NoticesRecording Date4/11/2011StatusREOThanks!