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What happens to condo owners when the State and IRS issue liens?


Question:

I own a unit in a 182 unit condo in Florida. The State of Florida hasliens a tax lien of $11,000 on the Condo Association and the IRS is going to lien for in excess of $98,000.  The Condo Association does not have the money to pay the back taxes and penalties and interest. What happens to the owners in this situation?


Answers (11)

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