Tuesday, October 12, 2004

Times-Herald - Condos demand payment
Homeowners inside Vallejo's premier waterfront condo complex say they must cough up $12,000 each for repairs by New Year's Day or face fines, liens and possible foreclosure, the Times-Herald learned Sunday. The Mariner's Landing Homeowners Association board notified all 94 homeowners last month that they must pay $12,109.76 each by Jan. 1 as an equal share of an estimated $1.1 million in emergency repairs to long-standing water damage. The notice was confirmed by the board president Sunday

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This is the side of private residential governance that they don't put in the marketing brochures, and that your realtor never mentions: you are on the hook for major repairs.

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