Question: Perhaps the elderly woman who could not afford the increase in her condo fee but wished to stay in her condo should investigate a reverse mortgage?
P.W., Everett
Answer: Last week I ran a column about a woman who owned her condominium unit free and clear and is living on a fixed income. She was very upset because she had just learned that her monthly homeowner's dues were being increased and the extra housing expense was high enough to drive her out of her home.
She asked if there was anything she could do to prevent the monthly fee increase, and I explained that condominium rules require all homeowners to bear a proportionate share of the maintenance expense of the property.
