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Read your governing documents to decide why the association has filed a lien on your title.
Usually, filing a lien is down the list of a series of steps that the association can take to collect a debt you owe, whether it is your regular assessments or a special assessment.
Read further down the list to understand the possibility that the association can sell your unit in order to collect the debt you owe.
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Can a lien placed by condo assoc on property that is paid for show on credit report?
Yes.A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.
Does a lien from condo assoc go away once fee's are paid?
In order for the lien to be removed from your title, the association must file a release of the lien, and would do so once your assessments are paid, together with any fees and expenses related to their collection efforts.
What happens when a lien is placed on a condo?
A lien on the deed -- unit's title -- clouds it, meaning that monies to satisfy the lien must be paid before clear title can be transferred.
What happens if there is a lien on my house?
It means that you can't sell your house without paying your bills.
Can a lien be filed for nonpayment of assesments from a condo association?
Yes.
What happens if you buy a house with a lien on it and you didnt know?
Whose responsible for the house payment= mortgagee or owner
What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
Where do you pay a lien on your condo in clearwater?
Your association -- or whomever placed the lien on your title -- can describe the steps necessary for you to follow in order to release the lien and clear your title.
How do you put a lien on a condo for due fees?
Read your governing documents and work with your association attorney to file a lien for unpaid assessments.
If your home is in foreclosure status can a lien be placed for a unsecured debt?
YES. Condo Fees
Can a house be built on a property with a lien without being encumbered by the existing lien?
No. Once a house is built it becomes an intrinsic part of the real estate. If the land has a lien on it the lien holder will get your house.
If your house is foreclosed on what happens if you get a personal lender and get a new house Can they put a lien on the new house?
Check the laws in your state, but NO, they cannot. Your old house secures the mortgage on THAT house. Nothing else.
