Video Transcript:
What do you do if there's a homeowners association lien on a piece of real estate? This is Dave at TitleSearch.com. An HOA lien or a condo association lien are both very significant events in the history of a property. If there's an HOA lien, a lot of times that will jump ahead in priority over other types of encumbrances you may find, such as mortgages, such as maybe even civil court judgments. An HOA lien, normally by statute or even by filing of the CC&Rs on that property, creates a superior lien position for HOA liens up to a certain amount. There are certain limits where some states it's six months, some states it's eight months' worth of dues that they can lean on a property. But if you do see one, take it very seriously. Don't presume that it's going to be wiped out by any foreclosure or bankruptcy, because a homeowners association lien has usually a higher priority than other types of encumbrances. If you have questions about locating or discovering a homeowners association lien on a piece of real estate, you can reach us at our website at title search dot com.