to pay condo fee or not

**cdf** · 11-28-2007, 04:46 AM

hello, we have inherited by quit claim deed, our mother's condo in michigan. the deed is not recorded yet. the monthly fees are $300 and i dont have any money to pay this when her assets run out. what can they legally do besides put a lean on the property? will this effect my credit since the deed is not recorded yet? what about taxes?the condo is up for sale at a very low price. i am considering lowering it to a ridiculously low price but it still may not sell! help! thanks, cdf
this gift is turning into a nightmare!

**Sparks** · 11-28-2007, 09:15 AM

The HOA will most likely put a lien on the property at some point. Depending on the rules of the HOA they could send it to collections but I would read the CC&R's to be sure. Have you thought about renting it out to cover the HOA dues until you sell it?

**RachelP** · 12-04-2007, 03:37 PM

Your only option is to rent it out or sell it.

Talk to the HOA and see what your options are.

**Norman.Irlandez** · 12-11-2007, 09:02 AM

i am not a lawyer, so consult one for yourself, there are free consultations.

however, as far as i know, property being recorded in the county protects your property. as far as lien concern, - it is all about subordination.

i wish i could give more info.

**TomAnto** · 01-27-2008, 12:02 AM

I'd dump it if I couldn't pay the taxes or association dues. You should record the property to protect your intrest from someone else that could claim to own it. However, recording the property doesn't protect you from delinquent HOA dues or property taxes you could eventually lose it by a forced sale after a lien was perfected on the property. Not to mention that encumbered property is difficult to sell. Talk to an attorney about the recording system & how it works for your area.

This probably belongs in a finance section so people there could help you figure it out. Once you get past the recording issue this isn't really a legal question.