Subject: Re: tax sale redux
From: Jim Thomas (jthomas@sun.soci.niu.edu)
Date: Wed Feb 12 2003 - 13:51:49 CST
> As an individual, if you don't
> pay your taxes, you can lose your property. It makes no difference to
> the association who owns the spaces. Just as if you sold your unit
> and/or parking space on the open market, title would transfer to a new
> owner. That would also happen if the taxes are never paid. (this would
> be at least 2 years down the road, I think).
Thanks, Michael - but, no, I'm absolutely *NOT* asking for or looking
for legal advice. None. Zero. I was just hoping that, as our property
manager, you could share some of your experiences as a licensed broker
and manager. Ya see, as we've all learned, it makes lots of difference
who owns a unit. A bunch of irresponsible 19 year olds who are renting
from a non-committed realtor; drug dealers who buy a unit on the cheap;
An outsider who shares the underground parking space with buddies, thus
perhaps jeapordizing security. So, all I was asking was simply:
What in YOUR (or others') experience might we face? If my concerns
are low-probability/low-risk, fine. But, simply saying "it doesn't
matter who owns a unit/space" not only doesn't answer the question,
but worse--it increases my concern becuase it appears these are issues
that haven't been thought through to determine a reasoned answer.
> Beyond that Jim, what you're really asking for is legal advice. Not only
am I not qualified to give it, but as a licensed broker, I specifically
forbidden to do so.
....
> As far as the association is concerned, again, it matters none who owns
> the property (any owner will have to pay the assessments).
To repeat - my questions did NOT require legal advice, and I'm not sure
how that spin was put on them. Are you saying that to ask what happened
to the 2002 parking space statements requires and attorney?? Are you
saying that a query about problems that an association such as ours
might face from tax sales requires an attorney? Sorry, but these
seem to be questions directly related to the info-sharing that a
property manager should be able to answer.
Sorry, but I don't see that reducing this to "you need an attorney"
or "it doesn't matter who owns a unit" reflects a legitimate response
to the questions.
I'll try to ask one more time, simply:
Michael, in your experience, has the sale of condo property at an auction
resulted in problems/risks for owners? If it has caused problems,
then the appropriate response is to prepare. If not, ok, it's a silly
question. But, you can bet when the question is blown off by
"it doesn't matter who owns it" that I, for one, become frustrated.
If you haven't thought through the question, say so. If you have
and have never heard of problems, then say so. But don't say
"it doesn't matter.
Thanks for listening,.
jt / 501
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