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How does our business put a lien on a house when the owner owes us money for work we did?
Wiki User
∙ 15y ago
HELLO, MY NAME IS PATTY ,HUSBAND LOUIE A. KEETER HE HAS DONE WORK ON MANY HOMES OVER THE LAST 4 MONTHS AND THE COMPANY CLOSED DOWN AND WE LEARNED THAT WE WILL NOT GET OUR MONEY. PLEASE LET US KNOW WHAT IF ANY THING WE MAY DO. THANK YOU MRS.KEETER
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoThe business must sue in court and win. The court will issue a judgment lien that can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.
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What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
How do you file a lien on a house that is in a trust in Massachusetts?
Yes, a lien can be filed on a piece of real property, regardless of the owner. However, the reason for the lien has to be directly related to the actual owner or the property itself. i.e., if a trust owns a house and I live in the house, and you have a judgement against me, there is no attaching a lien on the house for my debt.
If you have a lien on the house going into foreclosure will you get your money?
No
What is a second trust deed taken back by owner mean?
That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.
What happens if you buy a house with a lien on it and you didnt know?
Whose responsible for the house payment= mortgagee or owner
Can lien on a house affect the owner's credit if the house was bought with cash?
Yes. A lien will show up on your credit record whether you paid cash or mortgaged your property.
Can you file a lien against a property if you have a judgment against the owner for nonpayment of nanny service?
Yes. Ask the court how to have the lien recorded in the land records. The owner will not be able to sell or mortgage their house until the lien is paid. You should arrange to have the lien recorded ASAP.
What if a lien is on your house?
You can not sell your house or if you die your home will go to the people who have a lien on your home.The best thing to do is to pay off the lien which is usually someone or a bank you owe money.
What happens if a private investor places a lien on your home?
To get a lien he would have had to show a judge the he had a right to do so. You would have to owe him for goods or services. It would have to of been concerning the house. You borrowed money on it, had work done to it and did not pay as promised. If a judge agreed, you have a lien on it. I believe the lien is on the house not you. If you sell it, the lien stays with the house. It would most likely have to be paid before ownership was transferred. If the new owner did not research the deed, it would become his responsibility if he accepted ownership as is.
Your parents died and left you property your name is on the deed but not on the mortgage is that a problem?
It is not a problem, but the mortgage will still have to be paid by the surviving co-owner even if that co-owner did not borrow or get any of the money from the mortgage, because it is a lien on the house.
What does it mean when a homeowners association places a lien on a house?
This lien clouds your title of ownership, probably because you owe the association money. To clear the lien, pay the debt, then ask their attorney for a Release of Lien, which you can file at the local county courthouse. This clears your title.
What recourse do you have once you have been granted a lien against the real property of a business owner?
You have two. One is to foreclose on the lien by forcing a sale of the realty to raise money to pay the judgment. Usually, when proceedings like this get to this point, the owner comes up with the money somehow in order to save his home as long as there is some equity in the property. Your other option is to sit tight and wait until the owner wants to sell the property for whatever reason. He won't be able to sell it with a lien on it, so at that time he will have to come up with the money from the proceeds of the sale, if there is equity, or from his own pocket, if there is none to pay the lien. While you sit on the judgment, the judgment amount earns interest according to rates set by the court or the statutes. Be aware though that some states might require you to go after the owner's personal assets first before going after his house.
