A lien ensures the lender gets at least some of their money back if you stop making payments. Learn more about liens here.
Settle Try negotiating if you don’t have enough to pay off a debt. Creditors might be willing to accept less than you owe if they can get something now and put the loan behind them.9 Get It Corrected If you believe a lien is not legitimate, contact the lienholder. In some cases...
Satisfy the lien. If you legitimately owe money, you can have the lien removed by paying what you owe to a creditor or attorney. Once you settle the debt, then the bank will receive notice to release your funds. Your debt has been satisfied, the lien removed and you can access your ba...
You may settle your tax if certain circumstances render you unable to pay on time due to financial hardship. The IRS will consider your income, ability to pay, expenses, and asset equity to determine if you’re eligible. Unpaid taxes may be paid in a reduced sum or over time through mont...
3. A property owner with a lien typically cannot sell or refinance it until the lien is resolved. 4. There are different property liens, including mortgage, tax, and mechanic’s liens. 5. If a property owner fails to pay the debt or obligation, the lienholder may have the right to for...
of the contractor is not at issue, the easiest way to settle a mechanic's lien is just to pay. If there's a dispute as to the amount, take into consideration whether or not it would be cheaper and easier to pay versus fighting the lien by possibly getting a lawyer and going to ...
We walk you through the steps a smart car buyer should take to remove intimidation from the process and end up with the best deal on the right used car.
What is a lien? (pronounced "LEAN") A lien is a legal claim on property that guarantees the payment of a debt. The creditor might be able to take over the property if the debt is not paid. To pay all or part of the debt, the creditor might be able sell the property. ...
If a taxpayer does not respond to a demand for payment, the government may place a lien on the person's assets. The lien may be removed if the taxpayer agrees to a payment plan or takes other action with the agreement of the government. ...
Typically, the physical property that the borrower is purchasing acts as collateral under the lien. However, a voluntary lien can also be placed on other property that the borrower already owns if the borrower agrees to it. For instance, a lien could be placed on a valuable painting if the ...