Under Florida law, condominium and HOA associations have the power to place a lien on a unit for unpaid assessments. This lien is:
Correct Answer
C) Generally subordinate to the first mortgage lien but may have limited priority for certain unpaid assessments
In Florida, HOA/condo assessment liens are generally subordinate to the first mortgage. However, Florida law gives limited 'super-priority' to certain unpaid assessments, which may take priority over the mortgage in specific circumstances.
Why This Is the Correct Answer
In Florida, HOA/condo assessment liens are generally subordinate to the first mortgage. However, Florida law gives limited 'super-priority' to certain unpaid assessments, which may take priority over the mortgage in specific circumstances.
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