Real Estate Investing Forums

Real Estate Investing => Foreclosures, Short Sales, Tax Foreclosures => Topic started by: Difull on April 19, 2011, 11:57:19 pm

Title: What is a special assessment lien?
Post by: Difull on April 19, 2011, 11:57:19 pm
Is it always included in the minimum bid for a tax deed auction in California?
What is a special assessment lien?
Title: Re: What is a special assessment lien?
Post by: Gold River on April 21, 2011, 12:42:58 am
Hi,

    A special assessment Lien could be a one time additional assessment for paving streets, it could be a special assessment by a HOA to pay for upgrades or unforeseen damages or repairs like after a natural disaster!


                    GR
Title: Re: What is a special assessment lien?
Post by: sniper on June 07, 2011, 11:54:24 am
Check with your State Statute to see which liens are wiped off
Title: Re: What is a special assessment lien?
Post by: Carla Hailey on June 24, 2011, 10:28:58 am
Assessment lien made sure that a payment will be done for the amount assessed to pay for the improvement .
Title: Re: What is a special assessment lien?
Post by: tgauchsin on June 26, 2011, 08:46:01 am
Nope.  You kinda answered your own question in this post.  Especially section (c) http://www.reiclub.com/forums/index.php/topic,49898.0.html (http://www.reiclub.com/forums/index.php/topic,49898.0.html)
Title: Re: What is a special assessment lien?
Post by: Carla Hailey on June 27, 2011, 08:25:35 am
Nope.  You kinda answered your own question in this post.  Especially section (c) http://www.reiclub.com/forums/index.php/topic,49898.0.html (http://www.reiclub.com/forums/index.php/topic,49898.0.html)

You got it right.  :cool
Title: Re: What is a special assessment lien?
Post by: heartlandbuyshouses on April 05, 2017, 02:31:00 am
A special assessment lien is a charge imposed against properties within the boundaries of an area for public utility improvements such as streets, sidewalks, streetlights, sewer and water facilities. These special assessments are often billed in installments of 10-20 years. Also, special assessments are different than real property taxes, and are billed separately.
Title: Re: What is a special assessment lien?
Post by: caroline on April 07, 2017, 01:33:56 am
Hi,

A special assessment lien is a measure of cash that a townhouse trust needs with a specific end goal to pay for a venture or extraordinary obligation that was not some portion of the yearly spending plan/appraisal.

Thanks!!