YES. Condo Fees
Your association -- or whomever placed the lien on your title -- can describe the steps necessary for you to follow in order to release the lien and clear your title.
A lien on the deed -- unit's title -- clouds it, meaning that monies to satisfy the lien must be paid before clear title can be transferred.
Yes.A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.
First, the conodminium association placed the lien, the management company just did the paperwork. A lien is placed on your condo to make sure you can't sell it without the back debts being paid. It is done to protect the association. This is usually done when assessments aren't paid on time. If you have fallen behind on your payments, then the association can withhold certain services, possibly even turning off utilities (depending on your documents and state law), but can't lock you out of your home. They can, however, foreclose on your unit if assessments continue to go unpaid.
Yes.
Read your governing documents and work with your association attorney to file a lien for unpaid assessments.
Generally, liens for non-payment of assessments remain on the title to the property indefinitely and can be reflected in the owner's credit report. A lien placed on the title by a contractor may have different parameters that one placed on the title by the condominium association. Your best answer will be given to you by an association-savvy attorney after you present a copy of the lien for an explanation.
Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several steps they are entitled to take to collect the debt, including selling your condominium.(When you don't pay your assessments, you ask your neighbors to pay your bills.)It's a good idea to pay your assessments each month.
A lien can be placed against almost any property.
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien
A lien can be placed on a vehicle in Ontario by a mechanic or an automobile repair shop. This lien is often placed on the vehicle when there is a repair bill due and it has not been paid. The lien will be lifted when the bill has been paid in full.