How to Protect against a Lien on Property
The property is then put up for sale, and the proceeds will go towards the debt owed to the creditor. Here, if John got into a legal dispute with his neighbor and won a judgment of $20,000, but the neighbor did not pay it, John could put a lien on the neighbor’s house. ...
Filing a real property lien in Florida is a way to enforce collection of a court judgment. Florida has two different ways for a creditor to file a judgment lien against real estate: in county land records and with the Florida Department of State.
A property lien is essentially a legal claim that someone has on a property, usually due to an unpaid debt. When a lien is placed on a property, it serves as a legal way for the creditor to ensure that they have a right to the property if the debt is not repaid. In simple terms,...
How to remove a lien depends on type of lien discharge. There are four basic reasons to remove lien from title on a property or car in Canada. Removing a lien with Lien-Pro
How to Put a Lien on Property for Unpaid Judgments There are other types of liens in Massachusetts. Some liens are added to the titles of financed vehicles, requiring the owner to repay the loan before selling the car. Liens can be a remedy for unpaid judgments too. These types of proper...
Your lien stays in place and has no effect unless and until the debtor tries to sell or refinance his property. Either the buyer or the mortgage lender will check to see if he has clear title to the property. Because you have recorded your lien, it will show up in this search. You ...
You can find private lenders at local real estate networking events. Typically, they charge interest, plus zero to two points, though this vary by lender Like a hard money lender or a bank, they will take a first-position lien on the house. ...
If you have a mortgage, you still own your home (instead of the bank). Your bank may have loaned you money to purchase the house, but rather than owning the property, they impose a lien on it (the house is used as collateral, but only if the loan goes into default). If you defau...
For example, say the IRS has a federal tax lien on a property that you need to sell immediately to avoid bankruptcy. You have paid the taxes necessary to lift the lien, but the IRS hasn't yet processed all the paperwork. The Taxpayer Advocate Service could help get the lien lifted....