Property Ownership
In New Mexico, which of the following statements about a homeowners association (HOA) lien for unpaid dues is TRUE?
AHOA liens never have priority over a first mortgage
BHOA liens for unpaid assessments can be placed on the property and may lead to foreclosure if not paid✓ Correct
CHOA fines are unenforceable under New Mexico law
DHOA liens can only be enforced against the original homeowner
Explanation
New Mexico law allows HOAs to place liens on properties for delinquent assessments and potentially foreclose on those liens. HOA lien priority varies by statute and may be subordinate to a first mortgage.
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