440RobertsRd
Junior Member
ILLINOIS
I presentl;y am buying a condo unit in a building that has NO condo or home owners association. I mean there once was an association BUT it has been dissolved and there is NO association on this buidling, it is a twelve unit condo building. I Have NO water or garbage pickup services. The City of Glenwood Illinos says its up to me, the only owner in the buidling to hire a private garbage pickup firm to pick up my garbage. What the hell are my taxes for?. By the way I have not moved in or closed on this transaction as of yet.....Secondly, since I paid a very small price for the condo unit, I have DO NOT have a mortgage(Since I'll be paying ALL CASH) and of course I can't get home owners or condo insurance as a result of NO condo association. So I can buy just personal property insurance?.
Since I cannot form an association due to the fact that no one lives here until I move in, what can I do?.
Should I just forgo the earnest money deposit? or get my attorney to force the remaining owners (Who don't live on the premises) to fork over some cash to insure the entire buidling?
Can anyone send an answer to me ASAP!!!!!! I am desperate and need to know before I commit myself to a building with NO future so far.
Real - Tor
I presentl;y am buying a condo unit in a building that has NO condo or home owners association. I mean there once was an association BUT it has been dissolved and there is NO association on this buidling, it is a twelve unit condo building. I Have NO water or garbage pickup services. The City of Glenwood Illinos says its up to me, the only owner in the buidling to hire a private garbage pickup firm to pick up my garbage. What the hell are my taxes for?. By the way I have not moved in or closed on this transaction as of yet.....Secondly, since I paid a very small price for the condo unit, I have DO NOT have a mortgage(Since I'll be paying ALL CASH) and of course I can't get home owners or condo insurance as a result of NO condo association. So I can buy just personal property insurance?.
Since I cannot form an association due to the fact that no one lives here until I move in, what can I do?.
Should I just forgo the earnest money deposit? or get my attorney to force the remaining owners (Who don't live on the premises) to fork over some cash to insure the entire buidling?
Can anyone send an answer to me ASAP!!!!!! I am desperate and need to know before I commit myself to a building with NO future so far.
Real - Tor
Last edited: