What is a super priority lien?

When it comes to HOA liens, a "super lien" refers to that portion of a homeowners' association lien that's given higher priority than even a first-mortgage holder, placing the HOA's interest in front of the first mortgage.

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Notice of Lien to a Subdivision Lot Owner For Unpaid Assessment

Suffolk New York Notice of Lien to a Subdivision Lot Owner For Unpaid Assessment

Name: Suffolk New York Notice of Lien to a Subdivision Lot Owner For Unpaid Assessment
Brand: US Legal Forms
Rating: 4.84 (480 reviews)

Category:

Liens - Notices

State:

Multi-State

County:

Suffolk

Control #:

US-01186BG

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Description

A subdivision is the development and division of a lot, tract, or parcel of land into two or more lots, plats, sites, or otherwise for the purpose of establishing or creating a subdivision through sale, lease, or building development. The developer will generally file a document called a Declaration of the Covenants and Restrictions of (Name of Subdivision). This Declaration is normally filed in the land records of the county where the subdivision is located, and will contain regulations regarding the administration and maintenance of the property, including payment of assessments by the owners.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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How to fill out Suffolk New York Notice Of Lien To A Subdivision Lot Owner For Unpaid Assessment?

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In the District of Columbia, condominium associations are granted a super-priority lien over first mortgage lienholders, which permits an association to collect up to six months of unpaid assessments upon foreclosure on a condominium unit.

North Carolina is a pure race state, which means that the first person to record a deed or lien against a property has priority over all subsequent guarantees or lien holders.

Sending a special assessment letter to homeowners Include as many details as possible, such as: The reason(s) for the special assessment- be honest and upfront about why the association must levy a special assessment instead of using money from the reserve fund.

When it comes to HOA liens, a "super lien" refers to that portion of a homeowners' association lien that's given higher priority than even a first-mortgage holder, placing the HOA's interest in front of the first mortgage.

But under Washington law, a COA is entitled to a super lien over mortgages recorded before the date that the assessment became delinquent in an amount equal to six months' worth of delinquent common expense assessments.

If you fail to pay your HOA or COA assessments in Washington, the association can likely get a lien on your property and might foreclose on your home.

If you fail to pay your HOA or COA assessments in Florida, the association can get a lien on your property and might foreclose on your home.

North Carolina is a pure race jurisdiction, meaning that the person first in time to record a deed to, or a lien against, a parcel of real property generally has priority against all subsequent grantees or lien holders.

North Carolina is not a super lien state. When the holder of a first mortgage forecloses, the purchaser at the foreclosure sale has, historically, been liable only for dues incurred from the date of the acquisition of title to the property.

What constitutes a super lien varies from state to state. However, super liens often include: Real estate tax liens or assessments that are past due. Mechanics' liens that meet the statutory requirements.

More info

Assessing whether a particular document may be accepted for filing. 5.5.1 Subdivision Lot Grading and Drainage . Subdivision application completely filled out and notarized. Notices must be sent to the address of the property they are intending to foreclose.

Suffolk New York Notice of Lien to a Subdivision Lot Owner For Unpaid Assessment

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How to fill out Suffolk New York Notice Of Lien To A Subdivision Lot Owner For Unpaid Assessment?

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FAQ

Is Washington DC a super lien state?

Is NC A lien state?

How do I write an HOA assessment letter?

What is a super priority lien?

Is Washington state a super lien state?

Can an HOA foreclose on your home in Washington state?

Can HOA put a lien on my house in Florida?

Is North Carolina a race notice state?

Is North Carolina a super lien state?

What is an example of a super lien?

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