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What is the process of your condo association putting a lien on your property if your mortgage is paid up?
Wiki User
∙ 8y ago
The association must notify you of assessments due, and afford you a payment plan to pay your assessments. Usually, these are monthly payments you make to the association.
When you don't pay your assessments, the association may file a lien on your title.
What you owe to the association is not related to your mortgage. Your mortgage is a financial relationship that you have with your bank. Your assessments pay for the operation of the community, and you are obligated to pay your assessments.
Read your governing documents to determine and understand your financial responsibilities to the association.
Wiki User
∙ 8y ago
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Can an association rent a property after putting a lien on it?
When an association owns a property, it can rent the property. In this case, the association probably doesn't own the property, else why has a lien been filed. The property owner's title is clouded by the lien, and the property is still owned by the owner. The association may want to work with the owner to rent the property, to produce an income stream. The final decision, however, remains with the property owner.
What happens to your mortgage when you die?
The estate is responsible to pay off the mortgage. Usually this is done by selling the mortgaged property, paying off the mortgage holder and then putting the balance into the estate. The balance will be used to pay off other debts, if any, and then be distributed according to the will, or if there isn't a will, according to the laws of the state.
What are some types of mortgage fraud?
There are many types of mortgage fraud. One of the most common is not putting correct information on the mortgage application such as current income.
What are mortgage loans and personal loans?
Mortgage loan and Personal loans are different types of loan that can be assisted by a licensed money lender. For Mortgage loan, this typically covers mortgage. If you are having troubles or in pressing need for funds to buy real estate property, then this is the loan for you. This is either used by purchasers to buy and at the same time can be used by existing property owners to acquire or raise funds (regardless of the purpose) while putting a lien on the property being mortgaged. Meanwhile personal loans can be called unsecured loans or signature loan that is on the basis of the borrower's credit history and also considers the ability to repay it from personal income.
Is it illegal to place lawn signs to advertise your own business in Lynbrook, NY?
As long as it's on your own property, there really are no laws against putting whatever kind of sign you wnat on your own property. However, if you have a homeowner's association for your neighborhood, they might have rules againt it.
Can a builder put a lien on a property if money is put in escrow until the builder completes his punch list?
Sure. A lien is just a notice to the county recorder that the builder has a financial interest in the property. Putting the lien on the property just assures that the property will not be sold until his interests are satisfied and that if he meets his obligations and he is still not paid, he may forclose on the property. Putting a lien on the property is often a way to assure that a first mortgage cannot be put on the property until the builders interests are satisfied. On the other hand, if he tries to forclose before his obligations are met, he may be in some pretty serious trouble, depending on the laws in your state.
What are the recent mortgage rate trends?
mortgage rates change from day to day and very hard to gauge them. I would ask the people that are putting your mortgage together for you if you could see this years rate charts.
Does a landlord have the right to collect rent on a home with a notice of default?
Yes, a landlord can still collect rent on a property with a notice of default. The notice of default relates to the mortgage payments on the property and does not impact the landlord-tenant relationship or the tenant's obligation to pay rent.
Name the process of putting things together one word answer bataiye?
Name the process of putting things together one word answer bataiye
Should you write and send a letter of intent to lien directly to person who owes you money?
That depends on your states requirements for its lien process. Generally speaking you normally send them a "Notice of Intent to Lien" by some form of 3rd party delivery (registered mail, courier, etc); and it goes to all interested parties. To translate if you are putting the lien on real property (a house for instance) you must contact everyone with interest in the property (mortgage companies, owners, co-signers, etc.).
Putting information you want to remember into your favorite song is an example of?
Music association
The neighbor is putting up a jagged fence and the nice side is facing his property can he do this?
If your neighboring is putting up a jagged fence and the nice side is facing his property, he can do this if the fence lies on his property. The neighbor can put up the fence of his choice.
