foreclosure by association: ASSOCIATION LIENS AND MORTGAGE PRIORITY - 07/16/18 06:03 AM
 We got a great question the other day from a buyer of Association Foreclosure properties.  He asked if a 2nd mortgage was superior to the Association lien foreclosure.  That's when the Condominium, Homeowner or Property Owner Association is unpaid and forecloses its lien. 
A lot of people out there are buying at Association foreclosures with the belief that the Association lien is superior to the lien of any mortgage on the property.
The lien of the Association is created by the Declaration of Covenants recorded in the public records - where deeds are recorded in the county.  The lien is superior to all liens … (1 comments)

 
Richard Zaretsky, Florida Real Estate Attorney (THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)

Richard Zaretsky

Florida Real Estate Attorney

West Palm Beach, FL

More about me…

THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401

Office: 5616896660 x 107

Mobile: (561) 329-2279

Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
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