| || |
Super Liens for Condo Associations
February 19, 2010 - Sylvia Heldreth
On January 12, 2010, House Bill 408 was introduced into the Ohio legislature. The bill contains "Super Lien" language that would give Ohio's condominiums lien priority.
If the "Super Lien" legislation is enacted, it would mandate that the condominium lien has priority over the bank's first mortgage in a foreclosure. You can find a copy of this legislation at http://www.legislature.state.oh.us/bills.cfm?ID=128_HB_408.
Should Florida enact similar legislation to protect its condominium associations with a super lien that takes precedence over the lender's lien?
Is it fair to the lenders?
What do you think?
No comments posted for this article.
Post a Comment