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Generally, if these lien claims come from creditors like contractors or service providers who have not been paid, it could result in legal proceedings if not resolved in a timely manner.
If a lien turns into a judgment due to non-payment, creditors might potentially force a sale of the condo corporation's common property or assets to recover their money. This can further complicate things if the condo corporation's governing documents permit such a course of action.
In a scenario such as this, at Daisy, we consistently advise our clients to work with their association's attorney to tackle these issues head-on and resolve them promptly. The aim is always to minimize any potential disruption to the community and keep the focus on preserving everyone's quality of life and property values. It's always best to resolve these matters as soon as possible; delay rarely brings good news in such cases. You should rely on the advice of a legal counsel to guide actions in such situations.
Kelvine Ferrer (Kell...
Wiki User
∙ 13y agoAny lien on the association probably includes a lien on every member's title. Your local court clerk can verify this.
It's a good idea for the association to find a way to get the lien lifted, so that individual owners can sell or refinance their individual units.
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Florida law how long does a lien stay on a condo which was about other lots?
In any state, liens remain on a property until the debt is paid and the liens are released.
What happens to your liens if you discharge IRS debt in bankruptcy?
The liens survivie the BK.
Can you file for bankruptcy after the condo assn files for past due assessment fees?
Of course you can. In most states, condo fees become liens on the condo, so a secured debt. You would have to file a C. 13 and plan to pay off the arrears as a secured debt.
Does a HOA lien get wiped out if condo is foreclosed by mortgage lender in California?
Liens are not 'wiped out': liens are paid. When the foreclosed property is sold, the lien may be paid from the proceeds, depending on its priority and the amount earned from the sale.
Are Condo liens only good for 1 year?
Take your lien and your governing documents to an attorney and get an opinion. There are critical details included in both that preclude getting the answer you need from this site. You are not forthcoming about the motivation for the lien; different situations dictate different results for liens that may or may not expire.
What happens to your mortgage if your condo is condemned in California?
You can find the answer you want by asking the mortgage holder.
Is a credit check done on property or the persons name?
On the person whether a natural person or a corporation. Properties are checked for liens or other encumbrances on the title of the property.
Is the land under the condo unit owned by the unit buyer or the condominium corporation?
Read your governing documents to determine what is owned by individual owners and what is owned by the association.
Can your condo association take possession of your condo in Florida?
Read your governing documents to determine the cause of this apparent threat. Since you chose Liens as another category, you may have a lien on your title for unpaid monies that you owe to the association. As a last step in collecting monies you owe, your association can take possession of your condominium and sell it. This process is written out in your governing documents.
Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
How many civil judgment liens can be placed on a piece of property?
There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.
Classifications of liens?
There are few types: construction, security, tax, judgment, artisan... you should check your state statutes (lien laws) for the types of liens and the requirements for each. Most state statutes are available online.
