lien: I bought a Condo for $10,000 .... Maybe!
- 02/11/17 08:32 AM
Here in Florida Home Owner Associations (HOA) and Condo Owners Association (COA) can be very confusing. In the state of Florida most HOA and COA have the power to put a lien on the property if the homeowner becomes delinquent in paying the monthly dues and/or any special assessments. There are new laws on the books that place priority on these liens sometime so that they move to the tops and get paid first. I said sometime, you see some court have ruled in favor of the lender who holds a mortgage on said property. In that case the lender has the right to … (1 comments)
Here in Florida Home Owner Associations (HOA) and Condo Owners Association (COA) can be very confusing. In the state of Florida most HOA and COA have the power to put a lien on the property if the homeowner becomes delinquent in paying the monthly dues and/or any special assessments.
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