What Takes Priority? The Mortgage or The Lien? (FL)
For lenders, prior to taking a mortgage on property within a condominium or homeowners’ association community, it is important to review and understand the association’s governing documents (declaration, by-laws, and articles of incorporation) to determine the priority of an assessment lien and a mortgage. Just because a mortgage was recorded prior to the assessment lien, does not mean the lender’s mortgage will take priority over the association’s assessment lien. The language of the association’s governing documents is critical in determining the priority of these encumbrances. Read the article………..
The annual homeowner association meeting is required. But rather than approach it in the “Do I have to?” mode, make
A common question that I receive from managers and board members is the following: What can an association do when
An often-heard criticism about community associations is their lack of transparency. Owners say they don’t know what the board is