Loan woes hit condo, homeowners associations
Sunday, April 15th, 2007At Glen Waye Gardens Condominiums in Silver Spring, Md., 21 owners are more than 30 days behind on their monthly condo fees. Two other owners have not paid since they bought their units, one in April 2005 and the other in September 2006. Both properties went into foreclosure.
The lost fees, which make up 5 percent [...]