0
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.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
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.
If your home is in foreclosure status can a lien be placed for a unsecured debt?
YES. Condo Fees
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.
You already have a lien against 2 condos. the question is how do you get your money since they are ignoring the lean?
my condo association already has a lien against 2 condos who are seriously delinquent in paying their services fees. so now how do we get our money since they are ignoring the lien? a.k.
What does it mean if a condo association puts a lien on your condo if you haven't been able to pay your asessment fees?
As an owner, it means that your title to your unit is 'clouded' -- your title is encumbered/ not clear -- by the amount of your assessments past due and accumulating, that remain unpaid. A lien may also appear on your personal credit report if the title is in your name.
If you own your home outright and the condo association has placed a lien on it for unpaid condo association fees can they take your home if the fees are not paid?
Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several steps they are entitled to take to collect the debt, including selling your condominium.(When you don't pay your assessments, you ask your neighbors to pay your bills.)It's a good idea to pay your assessments each month.
What happens if the condo assoc puts a lien on your house?
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.
Can a lien be filed for nonpayment of assesments from a condo association?
Yes.
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.
You live in a condo and fourteen people are behind in assessment can the board put a lien on the unit owners who own the largest amount?
Sure--if you would like to retain a discrimination law attorney. If the board decides to file liens against delinquent condo owners, then it must file liens against all delinquent owners, not just some, unless there is a good reason (such as some owners have set up payment plans). Be sure that any offer to pay the delinquent fees without a lien is extended to all delinquent unit owners, and no delinquent unit owner gets a "better deal" than any other delinquent unit owner. Because attorney fees can be collected in lien filings (at least in my home state of WA), and lien filings can cost thousands in legal fees if not done correctly, see a real estate attorney right away.
Can we file a lien yourself on unpaid condo fees?
If 'we' is the association board, then this task is best accomplished with the help and knowledge of an association savvy attorney. There are official and formal steps that must be followed in advance of filing a lien, that must bear legal scrutiny in order for the lien to be valid. These steps are detailed in your governing documents. An individual owner must work through the board in order to file a lien.
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.
