HOA and IRS Lien Priority Issues

When HOA's and the IRS Compete for Lien Property: Lien Priorities, Perfection, and Foreclosure Rights Prepared and Presented by: Mark E. Lines, Esq. Shaw & Lines, LLC

Seminar Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Case Study – Factual Background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Case Study Facts – Continued ,[object Object],[object Object],[object Object],[object Object],[object Object]

“ Other” Facts ,[object Object],[object Object],[object Object],[object Object]

Quick Review ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Trial Court : Holding ,[object Object],[object Object],[object Object],[object Object],[object Object]

Arizona Court of Appeals : Analysis ,[object Object],[object Object],[object Object],[object Object]

Comparing the UCIOA : Lien arises , attaches and is perfected . ,[object Object],[object Object],[object Object],[object Object],[object Object]

Arizona Court of Appeals : Applying the Facts ,[object Object],[object Object],[object Object],[object Object]

Arizona Court of Appeals : Analysis Continued ,[object Object],[object Object],[object Object],[object Object]

Arizona Court of Appeals : Analysis Continued ,[object Object],[object Object],[object Object],Q: Is an HOA lien a “ security interest ”?

Court of Appeals : Analysis ,[object Object],[object Object],[object Object]

Court of Appeals : Holding ,[object Object]

Court of Appeals – Continued ,[object Object],[object Object],[object Object]

… on to the Arizona Supreme Court ,[object Object]

Arizona Supreme Court ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Applicable Law : State and Federal ,[object Object],[object Object],[object Object]

I.R.C. § 6322 – Lien for Taxes (26 U.S.C. § 6322) ,[object Object]

I.R.C. § 6323 – Priority Without Notice Filed (26 U.S.C. § 6323) ,[object Object],[object Object],This protects subsequent secured creditors falling within these specific categories from a "secret tax lien” in which the creditor would have no notice.

I.R.C. § 6323(f) Process for “Perfecting” Tax Lien ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

I.R.C. § 6323 – Priority Without Notice Filed ,[object Object],[object Object],[object Object],[object Object],[object Object]

I.R.C. § 6323 – Priority Without Notice Filed ,[object Object],[object Object]

Liens without Notice, Security Interests and Superpriority Liens … Where do HOA Liens fit in? ,[object Object],[object Object],[object Object],[object Object]

I.R.C. § 6323 – Superpriority Liens ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

I.R.C. § 6323 – Superpriorities: Property Taxes ,[object Object],[object Object]

I.R.C. § 6323 – Superpriorities: Mechanics Liens ,[object Object],[object Object],[object Object]

I.R.C. § 6323 – Superpriorities: Finance/Improvement Agreements ,[object Object],[object Object]

I.R.C. § 6323 – Superpriorities: interest, attorney’s fees, and charges relating to lien ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

I.R.C. § 6323(h) “Security Interest” Defined ,[object Object],[object Object],[object Object],[object Object]

UCIOA – “Security Interest” Defined ,[object Object],[object Object]

Federal Case Law “Security Interest” Defined ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IRS Tax Code, UCC and UCIOA: Historical Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IRS Tax Code, UCC and UCOIA : Historical Perspective ,[object Object],[object Object],[object Object],[object Object]

IRS Tax Code, UCC and UCOIA : Historical Perspective ,[object Object],[object Object]

The Choate Doctrine: “The first in time is the first in right.” ,[object Object],[object Object],[object Object],[object Object],[object Object]

The Choate Doctrine: Continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Choate Doctrine: Continued ,[object Object],[object Object]

HOA and IRS Lien Priority Issues

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