The Association’s Superlien: What Was It Intended To Be, What Is It, and Where Is It Going?

There has been much conversation in recent years, and considerably more in recent months, about the association’s limited priority lien, or “superlien.”  What was it intended to be, what is it, and where is it going? What was it intended to be? The superlien was created in order to protect associations against loss of assessmentsGo to Resource

Lien Assignment Process and Procedure

The lien assignment process almost always begins with the owner’s mortgage lender (i.e. bank) commencing a foreclosure on its first deed of trust.  Prior to the bank proceeding to foreclosure sale, it must submit a bid to the Public Trustee’s office.  At that time, investors review the bank’s bid and determine if they would beGo to Resource

I’m Having an Out of Money Experience

Having difficulty staving off the rising tide of delinquencies?  And are the circumstances that have put your association in this position outside of your control?  You can’t control the economy or extinguish the existence of foreclosures and bankruptcies in your community, but you can control how you respond to these and other scenarios that tendGo to Resource

Question: What Can We Do with Bank Owned Properties?

Question: What can we do with bank owned properties? Answer: Bank owned properties are becoming more and more common in community associations because the rate of foreclosures is not declining and the real estate market is not moving homes quickly. Unfortunately, many of these homes are often vacant for long periods, may have yards fullGo to Resource
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