Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Can the condo association take a loan for $2,000,000.00 for work they have no idea when they will start, how much it will cost and if and when the town will approve, and or make demands to have sewer treatment plant done. I have been an owner for 9 years and ever since I moved into complex they claim they need to update sewer plant. Last year was the first time they acted upon it, by obtaining the large loan. Also, could they use this money for normal condo expenses, maintence.
is there a condo board association that i could write to
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).