It's a condo?<quoted text>
Walking the hell away from it!
The building has gone downhill since riffraff have been buying units for $20K -$30K. Cigarette butts on the grounds, more dogs and people are picking up the poop. I recently did laundry in the basement laundry room (only one washer and dryer in there) and someone had spilled quite a lot of liquid laundry detergent on the washer lid, and just left it, so I cleaned it up (it had dried on at this point).
One owner on the first floor just last month used her good credit to get enough in loans from her credit union, bought my friendís unit (on the second floor) with cash, and is abandoning the unit she owns and still owes $120K on. Itís just not smart financial sense to keep paying when the values have gone down so far. So she has small loan payments that are significantly less than what her mortgage was.
Won't that screw up your credit rating or are you doing a jingle key maneuver( sending the keys to the mortgage company)?
Won't the asociation come after you for the assessments?