Pay off the lien and obtain a valid release that should be recorded in the land records.
Pay off the lien and obtain a valid release that should be recorded in the land records.
Pay off the lien and obtain a valid release that should be recorded in the land records.
Pay off the lien and obtain a valid release that should be recorded in the land records.
Pay off the lien and obtain a valid release that should be recorded in the land records.
Your association -- or whomever placed the lien on your title -- can describe the steps necessary for you to follow in order to release the lien and clear your title.
A lien on the deed -- unit's title -- clouds it, meaning that monies to satisfy the lien must be paid before clear title can be transferred.
The effect of a lien is to cloud title based on monies owed. The title cannot change hands without the removal of the lien, meaning the lien amount is paid before title is clear.
As an owner, it means that your title to your unit is 'clouded' -- your title is encumbered/ not clear -- by the amount of your assessments past due and accumulating, that remain unpaid. A lien may also appear on your personal credit report if the title is in your name.
Yes.
The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.
Read your governing documents and work with your association attorney to file a lien for unpaid assessments.
YES. Condo Fees
You'll need to be more clear about what's going on here. The "condominium" is a building. It can't "foreclose". The condo association can't "foreclose" on you either, since they don't hold title Only the title holder (i.e. your lending institution) can foreclose on the property.What the condo association can do is obtain a lien against the property. This is money you owe them, and if you try to sell the property, they're allowed to collect the amount of the lien out of the proceeds before you see a dime. If the lender forecloses on you, the lien from the condo association doesn't go away; you still owe it, but in this case the condo association will probably take you to court to recover it, most likely by garnishing your wages unless you have sufficient assets to pay it off.
No! "clear" means clear! No liens!
Your association attorney is better prepared to answer this question in your particular situation. There is no standard.
Yes.A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.