With Notice: A claimant can petition the court to attach a lien to property and schedule a hearing. A debtor only has to show that a lien will help her collect money she’s owed on a judgment. However, a property owner might be able to contest the debt. The property owner mig...
How to Place a Lien on a Property in New Jersey Step 4 Visit the official website of the Florida Department of State. Download and print the "Judgment Lien Certificate" form. Locate the legal interest rate for the judgment. Check the interest tables on the Florida Department of State's of...
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. ...
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 ...
Contractors and subcontractors must give utmost priority to protecting their right to file a mechanics lien—and this process begins with serving the preliminary notice.
The homeowner can stay on the property during this time but does not have to make payments. Nevertheless, they must allow the buyer (the plaintiff or lender) to inspect the property and structures during the redemption period. Process of a Michigan Sheriff's Sale ...
Some associations can levy massive fines that can become a lien on your house and lead to foreclosure. Keep the stakes in mind when you are deciding how far to take your fight. Don’t quit paying your dues. No matter what you’re arguing about, make your monthly payments ...
Pre-foreclosure refers to the first phase of a legal proceeding that ultimately can conclude in a property being repossessed from a defaulted borrower. The lender files a notice of default on the property in pre-foreclosure because the borrowing owner exceeds the contractual terms for delinquent pay...
A recording fee might just seem like another expense added to the closing process, but it serves an essential purpose. The county files and maintains the record of your homebuying purchase, whether it's the title or the lien. This record-keeping is a matter of public record, so ownership ...