Defy the board7 of 10She could defy the condo board and rent the unit to a tenant."This is not a recommendation," Drewes says. "Some people go ahead and try to stick in an unauthorized renter." These owners run the risk of incurring daily or monthly fines from the condo association. And the condo might have rules allowing it to evict the tenant. Related Articles:Loan-to-value calculatorNew FHA condo rulesCheck HOA before buying condoRefinance underwater mortgageRelated Links:Are you eligible for mortgage help?Will assumable mortgage solve crisis?Lapse may prompt foreclosureHow to navigate a short sale advertisement
She could defy the condo board and rent the unit to a tenant.
"This is not a recommendation," Drewes says. "Some people go ahead and try to stick in an unauthorized renter." These owners run the risk of incurring daily or monthly fines from the condo association. And the condo might have rules allowing it to evict the tenant.
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