@Levi ForrestThanks for the welcome!

You get constant notices from the real estate commission on the agents not having renewed their license, not completing education requirements in time, getting license suspended for delinquent student loans, IRS request levy their commission for back taxes, child support demands and on and on.

The lien is technically no longer a City of Houston Lien, it was levied and sold by the city for paving of several streets, one of which is the property in question.

I just bought an REO property, called code enforcement the day before closing, and found that on the NEXT tax bill they were going to levy an unpaid fine for boarding it up and cutting the lawn.

My name is Levi Duncan and I am 29 years old.

Replacement Cost (RC) coverage allows you to recoup the depreciation that is initially levied against the claim settlement.

The reason is the senior liens will be satisfied before yours so if there is not enough value in the property you are throwing good money after bad.When buying judgment liens you have to know the profile of the parties you are trying to collect on, the judgment renewal laws for your state, etc.When the statute of limitations has passed for instance you might not be able to collect for garnishment or bank levy but still offer a settlement so that you take off of their credit report if they care about that.

Levi Gale how/why did u start with REO?

If you purchase coverage below this level, then the insurer levies a haircut on all partial losses.

Your lawyer is better prepared to answer these questions since s/he should have a copy of the governing documents and should be familiar with the Colorado condominium act.I will give you one tip - but again, this will involve consulting your attorney - ask your attorney if your governing documents and Colorado law allow you to levy a special assessment on one or more unit owners that should reimburse you for repairs and/or legal fees.