I have no mortgage on my condo, but I own my homeowners association, $10,000, notice of sale has been issued. Will I lose my condo? The answer is yes, the property will be sold that judicial sale. And you will no longer own your condo. I suggest that you go about paying the homeowners association. So, you don’t lose that to get you a home equity loan, or some other kind of loan to pay that, to save your homeowner, save your condominium, or sell your condominium and obtain the equity. Since you have no mortgage on it, it would be a shame to lose all the equity in your home or your property as a result of not paying your homeowners assessments. But they do have a right to foreclose on a homeowner’s assessment lien, and that will be sold at judicial sale. You may receive some of the excess proceeds over the amount of the lien that is sold, but usually at a judicial sale, the property sells for well under what the market value is. If you have any questions concerning this, give me a call at (727) 847-2288.