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Posted by Orlando on August 29, 2002 at 10:17:30:
I have a property in an area that the value has decreased. I bought a studio and after the third day I moved into the place, i had problems with the roof and leaks. During the first few years, the sales department was in charge to get the roof fixed until the association is established. Now we have an association, but they are saying that a lof of the owners are not paying on time, and the association does not have a lot of money to fix the roof. Recently the were inspecting the roof of all building to check to status and see if the can work around an assesment and with the insurance company to replace the roof. They have been saying that for the last few years. LAst year I have to pay from my pocked to someone to fix part of my roof and ceeling. Now I have another leak and the association said that they still getting quotes and that they can do anything at the moment because they don't have any money.
I have been dealing with this problem for four year. I tried to sell few times ( including realtors) and no luck. I am feeling this preasure of moving somewhere else and stop paying the association and mortgage. I do not want to wake up in the middle of the night with part of the ceiling over my head. Few tenants had that experience.
What other option I have.
