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Property Lien

FloridaLien Priority

I am listed as beneficiary of a condo in Naples, FL. The owner is an alcoholic and has exhausted his liquid assets. owes the condo association $9,000, and stated that they are putting a lien on the unit in which he resides (and owns outright; no mortgage). I am prepared to pay the $9,000. I want a lien document stating I will get the $9,000 back when he sells the condo. Can you advise?

1 reply

May 3, 2020
You need an attorney to draw up a promissory note (which acknowledges the debt) and a mortgage (with a "due on sale" clause). This is a simple transaction, but an attorney should prepare the documents to make sure this is done right. Get a quote up front to make sure you don't incur more fees than your budget.
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