18 Feb 2009 10:14 AM:

Hi

We have a 3 Bed penthouse in Elviria.  Whilst we have a small 9 hole golf course, lifts, gardens, spa, 6 pools, gym etc I pay 1340 euros per quarter which at the current exchange rate equates to approx £100 per week!!!!

Obviously I/we are not happy with these costs but we are stuck with them and they do seriously put off purchasers.

On top of this, we have debts of approx 250,000 euros which the president is now taking action.  However, my concern is:

1) If/when the concerned properties are sold/auctioned to pay the bills, who will get first dip in any money, is it the cummunity, mortgage supplier, electricity or water? 

2) If the mortgage is more than the property is sold for, then there is no money to pay the comm fees.  As a result the community has spent a lot on legal fees and comes out with nothing.

It all seems like doom and gloom but surely the community can collaborate with morgage suppliers, utilities companies etc to ensure that we are not duplicating each others efforts and help guarentee we all come out with a share of the proceedings.  Am I talking "pie in the sky" stuff?

Comments, or better, sollutions are welcome to the above.

 

 

 

 

 

 

 

 

Thread: Outrageous community and admin fees!

--------------------------------------