mortgage

7 choices for underwater condo owner

Defy the board
Defy the board

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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Borrowers get $2.5B from Citi

About $2.5 billion of Citi's $7 billion settlement will go to consumers  ... Read more

advertisement
Partner Center
advertisement

Connect with us