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 Protect against a Lien on Property
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
Use Schedule A to figure your deduction. And don't forget: You can also deduct mortgage interest on your tax return. What happens if you don't pay property taxes? Failing to pay your property taxes can result in the taxing authority placing a tax lien on the property. A tax lien is ...
Also, owner-builders — those building a structure on their own property — do not need a license. The same exception applies to security alarm company operators, satellite installers, or any craftsperson selling or installing finished products that do not become part of the structure. ...
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. Judgment lien certificates filed with the Flo...
Waiting too long could delay your loan, which might cause a problem with the property you want to buy. Don’t put yourself in a position where you may end up losing your dream home and any deposit you put down. Tip #10 – Keep your credit strong ...
A lien gives you personal interest in the property of a debtor who owes you money. Once your lien is filed, the debtor cannot sell his property with clear title unless he pays the amount owed to you. In New Jersey, you fill out a form called a Statement for Docketing to obtain a jud...
Check the owners' names in the county court records to see if they have any court judgments against them. The judgment could lead to alienon the property. Has the current owner kept the property taxes up to date? If not, the county may look to you to settle them if you take ownership...
That’s because home equity loans have fixed interest rates and fixed payments, so you’ll know exactly what you need to repay each month. This predictability could help you better manage your budget and keep up with payments. A HELOC, on the other hand, has a variable rate, which can ...