What is a special assessment lien?

Foreclosures, Short Sales, Tax Foreclosures
1

Is it always included in the minimum bid for a tax deed auction in California?
What is a special assessment lien?

2

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
3

Check with your State Statute to see which liens are wiped off

4

Assessment lien made sure that a payment will be done for the amount assessed to pay for the improvement .

5

Nope. You kinda answered your own question in this post. Especially section (c) http://www.reiclub.com/forums/index.php/topic,49898.0.html

6

You got it right. :cool

7

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.

8

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!!