My question involves a condominium located in the State of: Massachusetts
Hello,
I am desperately in need of help! My boyfriend and I purchased a condo three years ago. At the time, the condo fees were $200 a month which was reasonable. Since then they have sky rocketed to almost $400 a month! The association is very clearly corrupt, as the president owns more than half the units in the complex. No work ever gets done on the units and upon asking to see the books, he refuses to return my calls. I also have a whole in my bathroom ceiling from a leaky bathtub in the unit above mine and the president of the condo association is the owner of this unit! We had pretty much given up on the situation and were lookiing to sell when we found out that another unit was also in the process of selling. They have had a few potential buyers but when trying to take out a mortgage were denied because the condo fees are more expensive than the monthly mortgage payments! What are our options? Would we need to do a short sale? We have never had a missed or late mortgage payment and we don't want to kill our credit. What do we do?!?
Thank you!

