I realize this may vary by state, but specific to FL…when a condo association forecloses and takes title to the unit, what happens to the 1st and 2nd mtgs?
It makes sense that the 1st would maintain its position, however, I am not sure about the 2nd mtg…does it get wiped?
I have researched and thus far have not obtained any conclusive information because I read that condo association liens are considered “super liens”.
Thank you in advance for your response(s)!