Just this month, Freddie Mac published new polices which are highly relevant to Condominium Associations struggling with owner assessment delinquencies. Currently, in the event of a condominium foreclosure here in Washington, a lender is required to pay a "super lien" or an amount equal to the assessments coming due in the six months preceding the foreclosure sale in order to keep the lender's mortgage in first lien position. Freddie Mac's new policy provides for payment greater than the super lien amount in certain circumstances. This is great news for associations, and another tool to use to recoup assessment arrearages. If you have questions about whether this might apply to your association, please give me a call.