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,...
A property lien is a legal claim on assets that allows the holder to obtain access to the property if debts are not paid. Property liens can be granted for repossessing property such as a car, boat, or even a house if the owner has defaulted on mortgage payments. Typically, property lie...
How to Protect against a Lien on Property
How Do I Find Out If My Property Has a Lien? Before a lien can be placed on a property, the creditor must go to court and present evidence of the unpaid debt. The creditor may file a lien on the property if a judgment is granted. This is done by registering the judgment with the...
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...
often ranging from one to five years, and the property itself is the collateral. Lenders also tend to put up a lower percentage of the cost to buy these properties than if you were buying it as your home, all to ensure, along with the higher interest rate, that they can recoup their ...
Notice: A claimant can petition the court to attach a lien to the property without first informing the owner. This is only used when the debtor has a reasonable worry that the owner will sell, damage or otherwise reduce the value of the property. The owner can contest the lien after-...
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
A tax lien was placed on your assets (for example, due to a failure to pay sufficient taxes on time). A judgment was passed against you (for example, due to litigation). You have had a recent bankruptcy. Your property has been recently repossessed. ...
Whether the seller has any interest in the property. What that interest is. Encumbrances or liens on the property. Whether anyone else claims an interest in the title. Seller Can Only Transfer Their Interest If the seller turns out to have no interest at all in the real property, the buyer...