The Michigan Condominium Act provides that sums assessed to a co-owner’s unit constitute a lien on the unit at the time they are assessed. If condo assessments remain unpaid, condominium associations typically record a notice of lien against the subject unit to perfect the security interest and put others on record notice. At a minimum of ten days after serving the notice of lien on the co-owner(s), the condominium association can then foreclose by advertisement or judicially.    Read the entire article……………………………….