truthseekerrm
Junior Member
South Carolina
My wife and her sister inherited a minority (1/8 each) share of a condo after their parents death. The majority of the ownership went to their aunt who has not paid the HOA fees for 4 years and now the HOA is threatening foreclosure if its not paid ($5000).
My wife and her sister were in high school and college at the time of inheritance and have had virtually no contact or involvement with the property. The property is paid for, but I'm aware that foreclosure can happen if HOA fees aren't paid. My biggest concern is my wife's credit. It seems unfair since she is a minority owner and was in college at the time of inheritance, but I know that doesn't get her off the hook.
Do we have any legal options? Will a foreclosure drastically affect her credit despite her small share of ownership?
Many thanks!
My wife and her sister inherited a minority (1/8 each) share of a condo after their parents death. The majority of the ownership went to their aunt who has not paid the HOA fees for 4 years and now the HOA is threatening foreclosure if its not paid ($5000).
My wife and her sister were in high school and college at the time of inheritance and have had virtually no contact or involvement with the property. The property is paid for, but I'm aware that foreclosure can happen if HOA fees aren't paid. My biggest concern is my wife's credit. It seems unfair since she is a minority owner and was in college at the time of inheritance, but I know that doesn't get her off the hook.
Do we have any legal options? Will a foreclosure drastically affect her credit despite her small share of ownership?
Many thanks!