lien of common charges
Started by notadmin
over 14 years ago
Posts: 3835
Member since: Jul 2008
Discussion about 20 Greene Street in Soho
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What's the process after this type of Lien has been filed? Does the owner usually ends up paying or selling the unit? For ex, the building at 20 Greene Street just filed a lien against 2B for failing to pay $38k in common charges (basically 5 months behind). At what point does the Condo Board take on the unit? If the unit has a mortgage and cannot be sold, is the owner of the 1st lien mtg the one that ends up paying the overdue amount and then proceeds to foreclose on it?