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Responsibility for mold damage in condominiums depends on the cause (FL)

Q: A few years ago, mold grew in the condominium. According to the insurance company, the cost of replacing the drywall will be borne by the condominium management association. The condominium management association refused to pay, saying it was not responsible. Who is right?   Read the Q&A……………………………….

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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