Hb 408- "super Lien" Legislation Introduced For Condominium Associations

HB 408- "Super Lien" Legislation Introduced for Condominium Associations

The Ohio Legislature has introduced House Bill 408 into the General Assembly, which would give condominium associations in Ohio "Super Lien" status. Essentially, this bill would provide priority for condominium associations in foreclosure proceedings-- the condominiums would be entitled to collect six months worth of maintenance fees plus attorneys fees ahead of any first mortgage holder.

For more information, please view the article written by Jackie Nash of the Daily Reporter in Columbus, Ohio and please feel free to contact our office with any questions.

Daily Reporter