Wisconsin Condominium Units In Foreclosure – Who Pays To Maintain Them?

Should Unit Members Pay To Protect Lenders' Collateral? Wisconsin Condominiums Are Entitled To Financial Assistance In Many Cases. It is a distressing, but not uncommon phenomenon to see condominium units, in Wisconsin and across the nation, abandoned by their owners and subject to a long foreclosure process. During this period, Associations usually assume that they are responsible for maintaining these units until a new owner is successfully installed. Stated another way, the remaining condominium owners think it is their responsibility to pay for the maintenance of the lender's collateral.

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