Bankruptcy Options if You Are Behind on Condo / Townhome Assessments
Behind on your monthly HOAs, late fees or special assessments owed to your homeowner’s association? Under Minnesota statute, most defaulted amounts due to a homeowner’s association create an automatic lien against the individual unit, which means that these amounts remain secured against the condo or townhome even after bankruptcy. Because of this statutory lien, the association can collect against a defaulting owner either by way of initiating a lawsuit for personal liabilit