[WSBARP] CCR question

[Jeanne Dawes]

Dear Listmates:

What is the rationale for subordinating the homeowner's association lien/assessments to that of a first mortgage lender?  Is it because lender's will not lend if there is no subordination, or can the CCR's not subordinate the lien, and create a preference for unpaid (defaulted) homeowner lien assessments that would have priority over subsequently recorded mortgages?

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>

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