Involuntary Liens 1. Tax Lien If you fail to pay your taxes, the Internal Revenue Service can place a lien on your property, which includes your real estate, personal property and financial assets. This is called a federal tax lien. A federal tax lien shouldn't catch you by surprise. ...
Liens can also exist as a result of legal action. Home Loans When you borrow to buy a home, the property serves as collateral. In your loan agreement, you agree to allow the lender to foreclose on your home if you fail to meet certain requirements.4 For example, you need to make ...
Are you curious what secrets a house holds? Learn how to find the history of a property online in this guide filled with resources.
Title searches entail examining public records and additional documents to make sure that a property is free of liens, claims or other issues that could prevent someone from owning the property legally. Title searches involve examining deeds, wills, divorce decrees, maps, tax records and court judg...
Well, depending on how you go about it, you can do this by becoming a landlord. Of course, there’s no free lunch, and there are risks and work that have to be taken into account when you want to rent out a piece of property. ...
aManufacturer hereby represents and warrants: (d) the Products are free and clear of all security interests, liens, charges or encumbrances of any nature; (e) the Products do not infringe upon the intellectual property rights of another; (g) the manufacture and sale of the Products shall com...
Once the lien is on the property, it clouds title and therefore must be paid before the property can be sold unless the debtor took some action to remove it, i.e., through a bankruptcy. If the house also has a mortgage on it as well as tax liens, those will get paid before the ...
The inventory lists the decedent's assets and the fair market value of each as of the day of death. It also notes any liens or encumbrances for each item. Both real and personal property are included in an inventory, as well as all of the decedent's debts. ...
Home equity or refinancing options: Leveraging your current property can be a low-interest option for those who have available equity in their current home or other investments. Cash: If you have enough cash on hand to cover the entire purchase, you can pay outright to streamline the process....
far been shut out of the traditional homebuying process. If you don't have a sizabledown payment, for instance, or your credit score is too low to qualify for a mortgage, renting a property with the intention to buy it can give you time to save and work on improving yourcredit rating...