I am pretty far behind in my association fees. We were behind in our bills and decided to sell our unit. The condo market in florida is dead and it sat on the market for a year before we pulled it.
We offered a payment plan to the association that would have taken a while to pay off but they rejected it and offered a three month payment plan or they would begin foreclosure.
We could make the first payment pulling the last of our money from a heloc but that would be it.
We could put our house on the market for firesale price and that would be the new comparable in this small association since there has not been a sale in so long but I don't know if that is threat enough for the board to stop this.
I know they have the legal right to foreclose but is it likely that a judge would foreclose when we are offering a payment plan? Do you have any advise to slow the process? Is there anything I could do?