Both you and the seller will receive a report on the home inspector's findings. You can then decide if you want to ask the seller to fix anything on the property before closing the sale. Your purchase agreement may allow you to have a final walk-through of the home prior to closing to...
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. ...
Don't pay for the car until you have the car's keys and a lien-free, transferred title in your or your lender's possession. If you have the title and the seller's ID from when you test-drove the car earlier, compare the two to make sure the names match. While not foolproof, thi...
When you first purchase your home, the more money you contribute towards a down payment, the more equity you have from the start. If possible, consider putting more than 20% of the sale down as a down payment and free up equity to borrow from in case you need to make unforeseen upgrade...
First, the basics: A lien is a security interest in a specific piece of property granted to someone other than that property’s owner. A valid lien acts as an encumbrance on a property, preventing its sale or transfer. If the lien is enforced, a lien can even force foreclosure or reposs...
However, there are circumstances when the IRS will release the lien early, but it usually requires that you pay off your tax debt with the proceeds from the sale of your property. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes...
If the car does not have a clear title, it may beunder a lien. The previous owner’s information can be found on the car’s title. You can also ask for the car’s VIN and use it to track down the vehicle’s previous owner through websites like Carfax, which provides vehicle owners...
The homestead exemption is intended to give a homeowner a boost in starting over once they have become overwhelmed by debt. The law provides: "A homestead shall be exempt from sale on execution, from the lien of every judgment and from liability in any form for the debts of the owner to...
How to Sign Over a Car Title with a Loan Transferring ownership is straightforward when only one name is on the title, but in many cases, a seller may have an outstanding loan on their vehicle, which means the lienholder or lending institution are listed on the title as having ownership ...
While illegal, there are individuals who attempt to tamper with a vehicle’s odometer reading. This is done in order to increase the value of the car as well as attempt to sell vehicles that still have liens listed on the title. Buying a car that already has a lien on it could result...