The AllKnowing
Junior Member
What is the name of your state (only U.S. law)? Arizona
Will attempt to explain. The company that converted the present condo complex from an apartment complex to a condo complex, they were(in all appearances) in a hurry to sell the remaining units before the bubble busted. In order to entice investors(and to hurry up the process of selling), they kept the HOA dues very (unrealistically) low and as such the reserve funds were practically non-existent as most all of the money from the low HOA dues were used as operating expenses.
With this in mind, can the company that did the converting be held liable for any of that past action on their part?What is the name of your state (only U.S. law)?
Will attempt to explain. The company that converted the present condo complex from an apartment complex to a condo complex, they were(in all appearances) in a hurry to sell the remaining units before the bubble busted. In order to entice investors(and to hurry up the process of selling), they kept the HOA dues very (unrealistically) low and as such the reserve funds were practically non-existent as most all of the money from the low HOA dues were used as operating expenses.
With this in mind, can the company that did the converting be held liable for any of that past action on their part?What is the name of your state (only U.S. law)?