What is the name of your state (only U.S. law)? Maryland
I purchased a home November 29th, 2008 in a community. I just received a letter from the developement threatening to lien my property because of an unpaid annual assessment January 1st, 2009. This was the first time I had ever heard of this company or the assessment. I called and was informed that it was supposed to be disclosed to me prior to or at settlement. The company handling the assessment fee told me to contact the title company which I did and it was pushed to the real estate company by the title company. I now have a large bill due with a few hundred dollars in late fees and interest added. What is my recourse and what should my plan of action be. The real estate company was the previous owner and had paid the assessment for 2008, so they can not claim they didn't know about it. Thank you.
I purchased a home November 29th, 2008 in a community. I just received a letter from the developement threatening to lien my property because of an unpaid annual assessment January 1st, 2009. This was the first time I had ever heard of this company or the assessment. I called and was informed that it was supposed to be disclosed to me prior to or at settlement. The company handling the assessment fee told me to contact the title company which I did and it was pushed to the real estate company by the title company. I now have a large bill due with a few hundred dollars in late fees and interest added. What is my recourse and what should my plan of action be. The real estate company was the previous owner and had paid the assessment for 2008, so they can not claim they didn't know about it. Thank you.