Colorado - I currently own a condominium and I own a house. I am living in the house and renting out the condo for the time being. There is a proposed assessment of around $19,000 per condo unit for the replacement of the heating and cooling system in the complex as well as the replacement of all pipes underground. Bascially this assessment has held owners hostage in the complex for over 2 years and bascially tanked values in the complex. Anybody with a mortgage pretty much owes way more than what the units can be sold for. Now to my question: If I was to walk away from the property and let it goto foreclosure can the mortgage company go after other assets I may have, such as equity in my house or the house itself, my cars or even 401ks? Would they still be able to force me to pay the assessment? Is there another way to negotiate the surrender of the property to the mortgage company with little or no affect on my credit? To top it all off, there is the threat of condemnation if the pipes don't get fixed. Thank you!