Generally, based on the expense of filing a lien, and the potential that the association may not recover those costs, best practices dictate that the amount by substantial, or a significant portion of the association's budgeted income.
There is no standard amount.
Association counsel -- or the attorney who help the association place the lien, can help you release it, or instruct the owner as to how to go about this action.
If you are the seller, notice that the lien must be satisfied before title can be transferred to a new owner. If you are a buyer, notice that the lien must be paid -- thus affecting the amount of your new equity, before title is transferred.
ANSWER: Ask the realtor who is selling the property or somebody from the Homeowners' Association.
If the association has obtained some kind of judgement against you in a court of law for monies owed, the state collections statutes apply to actions that association can and cannot take to collect the money owed according to the judgement.
The minimum amount of time you have to stay in a place to be considered a resident varies depending on the specific laws of that place. In general, it is typically around 6 months to establish residency.
Best practices dictate that you take the lien filed against the vehicle to an association-savvy attorney and request guidance.
In a poker game with a big blind ante structure, the minimum amount required to place a bet is typically the size of the big blind.
Short sellers must cover a minimum amount of shares before a merger takes place, typically equal to the number of shares that will be exchanged in the merger.
In most cases the association would place a lien on the property. That would not be subject to a statute of limitations.
State laws may dictate when turnover takes place, when it can take place, and when it must take place. Often this detail is included in the Public Offering Statement used to document initial sales.Key is how an association is equipped to manage the project once the developer, with all the special development rights, is no longer involved.
Liens are a legal specialty and best practices dictate that you work with association counsel to file the proper lien, properly, to maximize the association's chances that it can recover money from this action. An improperly filed, improper lien may afford the debtor defense against your claim.
The minimum amount required to place an opening bid at a foreclosure auction is typically set by the lender and is usually equal to the outstanding loan balance plus any fees and costs associated with the foreclosure process.