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Liens cloud the title to the condominium, meaning that the property owner owes a debt based on that property which must be paid in order to clear the title.
Liens are also public record and may appear on owners' credit reports.
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∙ 14y ago
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Can you file a quit claim and give the property to the other owner?
Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.
What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
How do I find out if Clayton has a lien on a piece of property?
Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.
Can an association rent a property after putting a lien on it?
When an association owns a property, it can rent the property. In this case, the association probably doesn't own the property, else why has a lien been filed. The property owner's title is clouded by the lien, and the property is still owned by the owner. The association may want to work with the owner to rent the property, to produce an income stream. The final decision, however, remains with the property owner.
Will owner know there is a lien on his real property?
Yes. Liens against real property must be recorded in the land records. Any property owner can visit the land records office to check if liens have been recorded in their name or against their property. An involuntary lien that affects real property must be recorded in the land records. Involuntary liens attach to real property without the consent of the owner. Examples are judgment liens, income and property tax liens, municipal assessments, etc. Notice by mail or service by a sheriff is given to the delinquent or debtor when a creditor has commenced a court action to collect a debt. If a judgment lien was issued the debtor had notice of the hearing. Also, a property owner knows when they have defaulted on a mortgage. An owner knows when they haven't paid their income taxes or real estate taxes. They have received notice long before a lien is recorded. Any property owner in financial trouble can check the land records to see if any notices or liens have been recorded. Voluntary liens against real estate such as mortgages, conservation restrictions, timber rights, etc., must also be recorded in the land records.
Can a life estate stop liens from being effective on a house that's paid for?
No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.
If a property is willed to someone do they inguire the liens on the property?
If the property is subject to active liens, generally the devisee will acquire the property subject to those liens.
How can you find out if there's a lien on a property?
To check a property for recorded liens you can check the owner's name in the local land records. If any liens have been recorded they will show up in the "grantor index" under the owner's name. The staff at the land records office can show you how to use the records.
What do you need to sell property?
You need to have some legal authority to sell or be the legal owner free and clear of liens.
Do liens against your property have to be recorded?
Yes. If a creditor wants to encumber your real estate they must record the lien in the land records.There is an exception made for towns to record property tax liens after a property has been sold and transferred to a new owner. In most jurisdictions, a town can record a lien for several months or years after you have transferred the property. That is one reason to have an attorney represent you, as a buyer, when you purchase property. They know what needs to be checked to make certain you don't get any surprises in the form of tax liens from the prior owner.
What is the purpose of a title search?
To determine the owner of the property, the liens on the property and the judgments against the owners that may attach to the property. It is done to assure the buyer and/or the lender that the title is clear and marketable.
What is a legal document giving the lender a claim on the property if payment is not made?
That document would be a Notice of Claim of Lien. Liens can be filed for goods provided or services rendered but not paid for.AnswerA judgment lien, a real estate tax taking, liens for unpaid municipal services such as demolition liens or health hazard clean-ups, special assessment liens such as sewer liens and income tax liens are all forms of involuntary liens. Involuntary liens are those created without the consent of the property owner.
