Virginia Condominium & Homeowners Association Lawyer

We all know that these are troubling times for sales of condominium units. The slow sales market for condominiums is further compounded by the fact that available financing options for condominiums have virtually disappeared over the last several years. When owners are unable to sell their units the result is often foreclosure and/or bankruptcy; which, in turn, results in lost assessments that most likely will never be recovered by the association. Lost assessments can often result in special assessments for the remaining unit owners or routine maintenance and capital improvements being delayed. You have no doubt spent countless hours and association resources trying to collect these assessments.

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