Condo FAQs: “Limited Priority” Liens Pursuant to the New Jersey Condominium Act
Question: I’ve heard that when a mortgage lender forecloses on a condominium unit, the association is entitled to six (6) months of assessments. I’ve also heard that the association has “limited priority” over the mortgage. Is that true? What does that really mean? Read the Q&A………..
Your condominium unit has sustained water damage to carpeting, kitchen cabinets, furniture or clothing, due to a burst pipe, leaking roof,
What many co-op and condo associations don’t understand is that there is a fair share of maintenance that goes into
The New Jersey Supreme Court is considering whether homeowners’ associations and their maintenance contractors can be held liable for injuries