What happens if I fall behind on my condo fees?

If you fall behind on your condo fees in Nebraska, you are at risk of being taken to court by your condo association. The condo association may sue for nonpayment and, if successful, may obtain a court judgment for the outstanding amount owed. This judgment gives the association the right to garnish your wages, bank accounts, tax refunds and other assets until the debt is paid. Additionally, the association may also place a lien on your condo unit, meaning that, if you sell the property, the association would be in line to receive the proceeds of the sale before you receive any money. If a court judgment is obtained, you can also be responsible for the association’s attorney fees and court costs. To avoid a court action, it is important to communicate with your condo association as soon as you can. The association may be willing to work with you and offer a payment plan or other arrangements to help you catch up on your fees. If you are unable to come to an agreement with the association, it is highly recommended that you contact a lawyer who is experienced in condo law in Nebraska to understand your legal rights and discuss potential solutions.

Related FAQs

What can I do if my neighbor is causing a nuisance in my condo complex?
What is the penalty for violating the condo association's rules and regulations?
Who is responsible for paying for repairs to shared areas in a condo complex?
What are the restrictions on selling a condo unit in a condo complex?
Are there differences in condo laws from state to state?
What can I do if I feel my condo association is taking advantage of me?
What happens if I refuse to sign the rules and regulations of a condo association?
Are there limits on the number of cars that can be parked in a condo complex?
What is the process for resolving disputes between owners in a condo complex?
What can I do if my neighbor is causing a nuisance in the condo complex?

What happens if I fall behind on my condo fees?

Related FAQs

Related Blog Posts