Property OwnershipCondo HoaMEDIUM
A Florida HOA can foreclose for unpaid assessments:
Correct Answer
C) Yes, but subject to superior mortgage liens
HOAs can foreclose but their lien is typically subordinate to the first mortgage.
Answer Options
A
NeverB
Only with court approvalC
Yes, but subject to superior mortgage liensD
Only for amounts over $10,000Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
lien-priorityforeclosure-processescondominium-law
Key Terms:
HOA foreclosureassessment lienlien subordinationFlorida Statute 720.3085first mortgage priority
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