Most condo associations know that there is a process through which they can receive up to six months of assessments plus legal fees and costs in the event they institute an action to collect assessments and the property goes through foreclosure. What many of them do not know is that the condo association’s lien can have priority over a prior recorded second mortgage on a property for additional assessments if it follows the appropriate process. In other words, if a foreclosure were to happen on the unit, the condo association would be entitled to obtain some recovery (if there is enough money) before the second mortgage is paid. How does it do this?    Read the article……………