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What happens when a lien on a condominium is not paid and then it is taken to court?
Wiki User
∙ 17y ago
A lien encumbers the named property until it is paid or satisfied. In most cases the property cannot be transferred, sold or refinanced unless an agreement is reached with the lien holder. (The exception being marital property held as Tenancy By The Entirety when only one spouse is the judgment debtor). It is unclear what the term "taken to court" means. One possibility is that the lien has been perfected making it a secured debt and the lien holder is requesting the court to order a forced sale of the property.
Wiki User
∙ 17y ago
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How do you file a lien for unpaid condominium assessments?
Your governing documents specify the process the board must follow in order to collect unpaid condominium assessments by filing a lien.In some states and counties, assessments automatically become liens against the title to the condominium unit, however the lien must be filed in order to be collected.The board or its attorney can file a lien with the appropriate court in the state or county where the condominium is located.
How do you file a condominium lien?
You should contact the law firm that represents the condominium and learn how condominium liens are handled in your state.
What is the procedure for a condominium association to file a lien a condo for montly dues on a condo that the bank is foreclosing on?
Overall, every state handles these matters differently from every other state. You need a condominium-savvy attorney to help you recover this debt at this late date. Effectively, a lien must be filed with the local court.
What is the time limit to file a lien on a condominium?
It depends on the type of lien and the state where the condominium is located. You are best advised to hire an association-savvy attorney to help you. If you are a vendor filing for unpaid work, you have a different set of issues than if you are the association filing a lien for unpaid assessments.
Your condominium assessed and extra amount because your reserve is at zero - you need extra money for building repairs - can you file a lien for condominium special reserve amount assessed?
Depending on the county and state where your condominium is located, and depending on your governing documents, assessments and fines can automatically become liens on your condominium title. Otherwise, your condominium Board of Directors may choose to file a lien until the special assessment is paid.
Where and How do you get a release of judgment lien form?
Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.
What are the consiquences of a Condominium Association putting a lien on your condominium home in Ohio?
If Ohio is like most other states, the recorded lien effectively clouds your title, so when you attempt to sell the unit, the lien shows up in the title search. As owner, the lien may also appear on your credit rating. The lien must be lifted in order to pass clear title along to a new owner.
What is the legal effect of a lien placed on your unit for unpaid condominium assessments?
The effect is that you cannot mortgage or sell the unit without paying off the lien.
How do you attach a blanket lien out of court to settle with an individual?
You can only attach a person's property through a court judgment. The court issues the judgment lien and then the lien is recorded in the land records. When the parties settle out of court there is no perfected "lien".
What does a court recording of a lien mean?
It means that the court is officially documenting that a lien exists to protect the lien-holder's interest.
Can a credit card company put a lien on a safety deposit box?
Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.
Can you just pay your lien off before you go to court and the lien will be taken off your home in Texas?
Yes like concrete they deliver it and when u don't pay the put a lien on your place u pay and it goes away
