I questioned a question about HUD homes earlier and I got a wonderful answer.
More here:
If a home has been foreclosed how is the original owner …
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No specifics on whether that might also apply to condo owners in danger of foreclosure. Condos pose a unique problem: If your neighbors don't pony up, you're still on the hook. From Chicago Public Radio, Ashley Gross reports. ... By the beginning of this year, banks owned 10 of the foreclosed units, and they're legally responsible to pay condo fees of about $200 a month. But collecting from banks has been almost as tough as from the original owners. ...