What happens if I fall behind on my condo fees?

If you fall behind on your condo fees in Delaware, you can be subject to fines, penalties, or legal action. The board of your condo association can assess late fees and interest on unpaid fees, and the fees may increase as long as your delinquency continues. If you fall far enough behind on your condo fees, the board of the association can file a lien on the property. This means that the association can take legal action to collect the money owed, and may even be able to force foreclosure on the property. Every condo association is different, and they all have different policies regarding late fees and legal action. You should check with your association to see what their policy is if you fall behind on your fees. Some associations may be willing to work out a payment plan with you to help get current on your fees. It is important to try to stay up to date on your condo fees. Falling behind on fees can be costly and can jeopardize your ability to keep your property.

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What happens if I fall behind on my condo fees?

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