We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
September 25, 2022, 03:03:06 pm
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
September 25, 2022, 03:03:06 pm
Home Help Search Calendar Login Register

Author Topic: What is a special assessment lien?  (Read 15111 times)

Offline Difull

  • Member
  • *
  • Posts: 24
What is a special assessment lien?
« 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?

Offline Gold River

  • Member
  • *****
  • Posts: 2329
Re: What is a special assessment lien?
« Reply #1 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

Offline sniper

  • Member
  • ***
  • Posts: 187
Re: What is a special assessment lien?
« Reply #2 on: June 07, 2011, 11:54:24 am »
Check with your State Statute to see which liens are wiped off
if you want to make BIG money in RE, write a book or start a REI Club.

Offline Carla Hailey

  • Member
  • ***
  • Posts: 137
    • Tax Sales Secrets | Tax Lien Properties
Re: What is a special assessment lien?
« Reply #3 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 .
Learn How to Buy Tax Lien Properties

Offline tgauchsin

  • Member
  • ***
  • Posts: 103
Re: What is a special assessment lien?
« Reply #4 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
« Last Edit: June 26, 2011, 08:52:04 am by tgauchsin »

Offline Carla Hailey

  • Member
  • ***
  • Posts: 137
    • Tax Sales Secrets | Tax Lien Properties
Re: What is a special assessment lien?
« Reply #5 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

You got it right.  :cool
Learn How to Buy Tax Lien Properties

Offline heartlandbuyshouses

  • Member
  • ***
  • Posts: 267
    • My Seller Site
Re: What is a special assessment lien?
« Reply #6 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.
Don Wede
Heartland Funding Inc.
www.heartlandbuyshouses.com

Offline caroline

  • Member
  • **
  • Posts: 51
    • Caroline Allison
Re: What is a special assessment lien?
« Reply #7 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!!

 




SMF 2.0.15 | SMF © 2017, Simple Machines