Tag: Condominiums
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Condominium Liens: How Many Liens Will You Need?
When it comes time to record a mechanics lien every company wants to file the minimum amount of documents. This makes perfect sense. The more documents you need to record the more expensive the lien process will be. Things get a bit sticky when filing mechanics lien claims against a condominium construction project. This post…
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Condominium Liens: Assessment Liens – Maximum Return on Minimum Expense
There are basically two options for an association to recover past-due assessments: 1) File a lawsuit; or 2) File a lien. While a lawsuit may be necessary at some point — it may not be. Why spend a bunch of money paying lawyers, and spend a bunch of time waiting for anything to get accomplished? …
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Why Assessment Liens? The Basics.
Condominium and HOA (Homeowner Association) Assessment Liens are a powerful tool for condo and HOA boards to make sure dues and assessments get paid. An assessment lien encumbers the property so that the property cannot be sold, refinanced, or transferred without satisfying the lien, and this generally includes short sales. Further, besides encumbering the property,…
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What Is A Lien?
Lien. The word gets thrown around like a hot potato on a construction project. Here on this blog, I use the word constantly, and advocate that credit managers “file a lien” to protect a company’s rights to payment. But what exactly is it? How does it work? What does it do and not do? This…
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Assessment Liens: Condominium Associations vs HOAs?
UPDATE: We apologize for any inconvenience, but zlien no longer offers assessment lien filling as of 2013. While you can use zlien to file a mechanics lien for construction projects on a condominium unit and/or building, zlien does not file HOA liens for unpaid dues. Condominium Associations and Homeowner’s Associations are generally both granted lien rights to facilitate…