We often found concerns towards if or not an assessment lien enforced by the the subject property’s homeowner’s association (HOA) surpasses the fresh lender’s mortgage. Of a lot HOAs inside Tx both explicitly using their evaluation liens in order to particular otherwise a myriad of basic-lien mortgage loans on Declaration out of Criteria, Covenants, and you may Limitations (new Declaration or perhaps the CCRs) you to created the HOA.

Where in fact the Report will not explicitly subordinate the latest review lien to a good lender’s financial, we essentially highly recommend the lender see a subordination agreement on the HOA. Continue reading Top priority out-of Homeowner Relationship Assessment Liens and you will Subordination with the Home loan Lien? →