Foreclosure Process Question

no-engine · 07-07-2010, 09:33 PM

The condo association is in fact a miniature "town government". We own real estate, a single family dwelling in a town; we have to follow the town's regulations, such as pay the real estate taxes, water & sewer bills. If we do not, they can lien and eventually foreclose.
Same as a small condo association. NOW, when buying a condo unit, one's title search person and attorney SHOULD do all the research and advise you of the governing rules of both town and condo association.
And YES, it takes all kinds; I have heard association officers attempt to make their own rules like bathing suites hung over railings, the grill covers, etc.
Maybe some of those rules are written and some are not and are unenforceable.

It takes all kinds, on that board of directors!

Property owned by the association would fall under the same regulations. They must be a part of your deed. Usually the deed says something like: own in fee simple the apartment or the building cottage (on the island) and the land it sits on, you own in common with others the land around a condo building, and in this case the land on mainland. Often the deed may say how many units and the property in common with others can not be divided, the reason for the phrase in common with others. The legal professional can explain.

AS I WROTE IN PREVIOUS POST, A FORUM SUCH AS THIS IS NOT THE PLACE FOR LEGAL ADVICE.

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07-07-2010, 09:33 PM	#22
no-engine Senior Member Join Date: Jul 2008 Location: West side Winnipesaukee, Lakes Region Posts: 516 Thanks: 20 Thanked 52 Times in 40 Posts	The condo association is in fact a miniature "town government". We own real estate, a single family dwelling in a town; we have to follow the town's regulations, such as pay the real estate taxes, water & sewer bills. If we do not, they can lien and eventually foreclose. Same as a small condo association. NOW, when buying a condo unit, one's title search person and attorney SHOULD do all the research and advise you of the governing rules of both town and condo association. And YES, it takes all kinds; I have heard association officers attempt to make their own rules like bathing suites hung over railings, the grill covers, etc. Maybe some of those rules are written and some are not and are unenforceable. It takes all kinds, on that board of directors! Property owned by the association would fall under the same regulations. They must be a part of your deed. Usually the deed says something like: own in fee simple the apartment or the building cottage (on the island) and the land it sits on, you own in common with others the land around a condo building, and in this case the land on mainland. Often the deed may say how many units and the property in common with others can not be divided, the reason for the phrase in common with others. The legal professional can explain. AS I WROTE IN PREVIOUS POST, A FORUM SUCH AS THIS IS NOT THE PLACE FOR LEGAL ADVICE.