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Current Foreclosure Discussion Foreclosures Discussion Archive 2



assoc liens



Posted by robert heyne on June 21, 2002 at 03:27:38:

In Reply to: Re: assoc liens posted by Bob H on June 21, 2002 at 01:31:01:

bob, thanks for your response. After I posted the question, I found infor that states that in California, association liens are given priority as any other lien, by recording date. I'm assuming that this is correct.

rob
: : Does an association lien have any special priority or does its recording date establish its order of priority?

: ***********************************************
: It depends on several factors: Some association liens are perpetual liens, meaning the lien priority dates to the date of recording of the original declaration.

: Also some states have enacted legistation that grants association liens status that is similar to property taxes as to survivability in a foreclosure situation.

: Your best bet is to research your state statutes and read the CC& R's for the property in question, or call a real estate attorney in your area.




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