In the thirty-eight years I have been selling real estate, there have been several times when I’ve been involved with house liens. On each occassion it was against the debtor who happened to be my client. Luckily I have a lawyer I always work with who knows how to handle homeowners wh...
Judgment Liens If somebody wins a lawsuit against you, they may become a creditor. If they can’t collect immediately, they might have the right to file a lien against the property you own. The judgment lien ensures that damages will eventually be paid when you can’t pay out of pocket...
Businesses with delinquent debts may find it harder to obtain new credit or loans. Financial institutions are less likely to approve credit applications when they see a history of missed payments. Damage to business relationships Suppliers and vendors may be less willing to extend credit terms to b...
or not you’ll have to pay for private mortgage insurance (PMI). To avoid PMI, your LTV typically needs to be 80% or less, but PMI applies only to first liens so if your home equity line of credit is a second lien against your house, you shouldn't have to worry about paying PMI...
Not paying your bills can result in collections calls, penalty fees and, potentially, legal action against you. Lawsuits can lead towage garnishmentsand property liens. Debt settlement stops none of that while you're still negotiating, and it can take months for the settlement offers to begin....
aSubject to current taxes and other assessments, reservations in patents and all easements, rights-of-way, encumbrances, liens, covenants, restrictions, obligations and liabilities as may appear of record, the Grantor warrants the title against all persons whomsoever. 可能要交当前税和其他评估、保留...
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"You need to find out how much is exempt and how to claim the exemption," says Loftsgordon. "You don't automatically get an exemption. You have to make a claim [to the creditor] for it." Involuntary Liens 1. Tax Lien If you fail to pay your taxes, the Internal Revenue Service ...
Having a tax lien against you doesn't necessarily hurt your credit because the three major credit bureaus don't include tax liens on their consumer credit reports.But property tax liens may be a matter of public record and the information that you owe an outstanding tax bill would be widely...
When there is a lien against your property, you cannot legally sell it until you settle the amount you owe. Liens apply to a specific property, not to you personally. If you default on a debt, the lien holder can take possession of the property in question. For example, a lender can ...