Do I legally still have to pay monthly association fees if my townhouse is in foreclosure?

Yes. Your foreclosure was for the mortgage - the mortgage was a loan from a bank to you for the purchase of a house, which was the collateral. Your townhouse monthly assessment is totally separate - it is a contract you signed (or a membership you gained) when you moved there.It has absolutely nothing to do with the financial arrangement with your mortgage bank.

So, yes, you still owe membership fees to the condo. Totally separate. Your bankruptcy might get you out of paying, but you'll have to check with a bankruptcy lawyer on that.

But the foreclosure has absolutely zippo effect.

I am no longer living in the townhouse filled for Bankruptcy Asked by bsm 5 months ago Similar Questions: legally pay monthly association fees townhouse foreclosure Recent Questions About: legally pay monthly association fees townhouse foreclosure Business > Real Estate.

Similar Questions: legally pay monthly association fees townhouse foreclosure Recent Questions About: legally pay monthly association fees townhouse foreclosure.

Yes. Your foreclosure was for the mortgage - the mortgage was a loan from a bank to you for the purchase of a house, which was the collateral. Your townhouse monthly assessment is totally separate - it is a contract you signed (or a membership you gained) when you moved there.

It has absolutely nothing to do with the financial arrangement with your mortgage bank. So, yes, you still owe membership fees to the condo. Totally separate.

Your bankruptcy might get you out of paying, but you'll have to check with a bankruptcy lawyer on that. But the foreclosure has absolutely zippo effect.

Yes, you still have to pay for the mortgage. Org.

Foreclosure question . . .

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