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………..
A condominium association’s lien for unpaid assessments is partially secured, and cannot be stripped off in a Chapter 13 bankruptcy
Warranties for products are simple to understand, most people might think. You go to the store, buy a computer or
……face crises that arise throughout the state every day, from fires to water main breaks to building collapses, doing so