Legal Question in Real Estate Law in New York

Foreclosure for Back Common Charges?

Dear Law Guru, I received a letter from a law firm in NY telling me that unless I pay $4,000.00 in back common charges for my condo inManhattan they will place a lien on the property and then foreclose. I sent the management company two checks that they were unable to cash because my handwriting was apparently not legible and two other checks were lost in the mail. I have post office for all the checks I sent them.The other day I sent them a check that they have not yet received. What can I do? Is it possible that they can foreclose an apt. worth about $650,000 for $4,000.00? Thank you.--name removed--Renskoff


Asked on 9/25/05, 1:37 pm

1 Answer from Attorneys
Arnold Nager Arnold H. Nager, Esquire

Re: Foreclosure for Back Common Charges?

Indeed they can. And even if you now pay the $4000,00 that you failed to previously pay, you may be liable for attorney's fees in addition.

I advise you to deliver a certified check ASAP and try to explain to the condo board what actually took place.

Again, even if foreclosure has begun, you will still have the right of redemption before an auction sale is ordered, but I can assure you that it will be very costly.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns.

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Answered on 9/25/05, 3:40 pm


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