Mortgage Foreclosure (FL)
As you may be aware, the first mortgage holder’s lien (mortgage) is superior to that of the Association. Therefore, in the event that a bank files for mortgage foreclosure, even if the Association had a lien in place, if a certificate of title is issued, the Association lien will be wiped out. Here are some questions that we recommend that the Association consider before making the decision on how to proceed if a property is in mortgage foreclosure. Read the article…………..
Whose Lien Has Priority — The Secured Lender (Mortgagee) or Homeowner Association? The Answer Is “It Depends”
Every state has a law regarding recording of liens, and recording statutes typically fall within one of three categories: (i)
The dispute between lenders and the purchasers at homeowners’ association foreclosure sale regarding superiority of title has embroiled the State
“Let’s Make a Deal”: Dangers of Condominium and Homeowner Associations Accepting Partial Payments for Delinquent Assessments
Since the real estate meltdown which began in 2006, many condominium and homeowner associations have struggled with a significant increase