Short Sales

Short sales can provide an association with a way to recover unpaid assessments without foreclosing on an assessment lien. In a short sale, a property is sold for a price that falls short of the total amount of debt secured by liens against the property. An association that demands payment of delinquent assessments in order to remove an assessment lien may be able to collect the amount owing as the lien may prevent a short sale from taking place.

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