HOA Superliens Could Wipe Out Bank's First Priority Lien on Real Property
May 22, 2015
Authors: Whalen J. Kuller and Michael N. White. Thanks to the work of the Community Bankers Association (CBA) and others, this past legislative session saw the defeat in the Senate Judiciary Committee of SB117, the condo association superlien bill. SB117 would have required the purchaser of a condominium at a foreclosure sale to take title subject to a lien in the amount of up to six months of condo association fees. Click here to continue reading.