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) a race statute (e.g., the first to record the lien has priority); (ii) notice (e.g., these statutes typically protect a subsequent lienholder provided such lienholder does not have notice of the prior lien, whether through actual notice, by means of the public records, or otherwise); Read the article………..
A recent Illinois Appellate Court decision extends the time period in which a certain type of legal claim can be
A former resident of the Time Warner Center lost his court battle to sell his unit at the Related Cos.
The Hidden Threat of HOA Liens: Why Delinquent HOA Accounts are a Threat to Investor ROI and First Mortgage Lien Positions.
Matt Martin of Sperlonga says the problem affects virtually every lender originating loans and a very large proportion of defaulted