There are various types of liens and not all liens are foreclosable liens in all states. The following are liens that may be foreclosable in Florida.
1. MORTGAGE - Mortgage foreclosures occur because the homeowners have failed to make the payments on their mortgage. Any mortgage holder in any position of priority, i.e. first, second or third, etc. can foreclose.
2. MECHANIC'S LIEN - A lien placed against the property because the homeowners failed to pay a contractor or supplier for work, services or supplies. This lien is foreclosable when the homeowners used their property as collateral for payment of the work, services or supplies.
3. HOMEOWNERS ASSOCIATION LIENS - A lien placed against a property for failure to pay such things as maintenance fees, amenity fees, special assessments and other fees that a homeowner has agreed to pay as a condition of ownership.
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