Question

 Special roof assess lien on condo that's on the market as a short sale Considering there are 30 other units with the lien should I pay my portion off to help the unit sell?

Answer Whether you negotiate a reduction in the sell price by the amount of the special assessment, or pay it off, the minus amount to you will be the same.Said another way, you will pay the special asses... Read More »
http://wiki.answers.com/Q/Special_roof_assess_lien_on_condo_that%27s_on_the_market_as_a...

Top Q&A For: Special roof assess lien on condo that's on the...

A lien for unpaid assessments has been placed on your unit by the condo association - can they foreclose on your condo owned outright?

You can find the answer you want in your governing documents.Usually, regardless of the ownership status -- outright ownership or mortgaged -- unpaid condominium assessments represent an automatic ... Read More »
http://wiki.answers.com/Q/A_lien_for_unpaid_assessments_has_been_placed_on_your_unit_by...

What Happens if You Purchase a Home at a Tax Lien Sale & There Is a Mortgage Lien Owed?

Foreclosure on a tax lien may eliminate the mortgage lien attached to the property, which means you may be able to buy clear title to the foreclosure property. However, the answer depends on what t... Read More »
http://www.ehow.com/info_8500575_happens-there-mortgage-lien-owed.html

You are one owner in a 5 unit condo Four units have been fore closed on you are paying all expenses units are now up for sale How can you collect your expenses?

Document your expenses and your payments.File liens against the other four units -- you need an attorney to assist you in this task -- so that whenever the units are sold (bought) your lien can be ... Read More »
http://wiki.answers.com/Q/You_are_one_owner_in_a_5_unit_condo_Four_units_have_been_fore...

In case the mortgage balance is substantially higher than the market value of a Florida Condo does it even make sense for an association to file a lien for unpaid dues?

It all depends. If the governing documents for the association and state law indicate that assessments -- you call them dues -- are automatically liens against the title, and have a priority posit... Read More »
http://wiki.answers.com/Q/In_case_the_mortgage_balance_is_substantially_higher_than_the...


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