[WSBARP] CCR question
Jeanne Dawes
jjdawes at goregrewe.com
Mon Mar 16 17:26:22 PDT 2015
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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