Condominiums

What happens when a lien on a condominium is not paid and then it is taken to court?

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Wiki User
2007-01-18 00:53:15

A lien encumbers the named property until it is paid or

satisfied. In most cases the property cannot be transferred, sold

or refinanced unless an agreement is reached with the lien holder.

(The exception being marital property held as Tenancy By The

Entirety when only one spouse is the judgment debtor). It is

unclear what the term "taken to court" means. One possibility is

that the lien has been perfected making it a secured debt and the

lien holder is requesting the court to order a forced sale of the

property.


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