jilldhunt
Aug 9, 2010, 07:15 AM
My mortgage is current but my condo fees are behind 5 months. The condo association has obtained an attorney to collect fees, the amount I owe including fees is $3,778.00, I have to pay that amount by Aug. 27th or it's accelerated through Dec, 2010--the cost when then be over $12,000 and a lien would be filed against my property for the past due and accelerated amounts. It's stated that a lien constitutes an encumbrance upon the title of my property which would be an impediment to any sale or transfer of the property. This is for the state of Maryland. I have contacted the law office on four occasions for a payment plan and discuss the entire bill and fees--they keep saying they will call me back, it's been a week and no response. What recourse do I have if any?
Does a lien mean they can take my property although my mortgage is current? How does a lien effect your credit? Does it stay on record for 7 years?
Does a lien mean they can take my property although my mortgage is current? How does a lien effect your credit? Does it stay on record for 7 years?