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What is the difference between a lien on property and lien on a person's name?
Wiki User
∙ 11y ago
You have asked an interesting question. Briefly:
There are numerous different types of liens in law. Some occur voluntarily when a property owner places their property as security for a loan. This type may be viewed as a lien against property.
Some liens are involuntary such as when a plaintiff wins a judgment against another in a court of equity. The judgment is against the person and the successful plaintiff can request a judgment lien that can be used by the sheriff to attach and take possession of the defendant's property to satisfy the amount owed to the plaintiff. A judgment lien can be recorded in the land records to attach and take possession of real property.
Wiki User
∙ 11y ago
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What is the Difference between a mechanic's lien and an artisan's lien?
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
What is the difference between transfer of lien and release of lien?
Release is just that -- No other party has interest or claim to property vs. Transfer which just changes the name of the lien holder and does not Release. hope this helps
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
Can you put a lien against property that is not titled or deeded in that persons name?
You can file a court case if you have any evidence that the person transferred the property to avoid creditors. The court will issue an 'ex parte' lien against the property if you are successful.
Can you place a lien on a persons property who is in chapter 7 bankruptcy?
No, unless you get relief from stay from the bankruptcy court.
What is difference between charge and lien?
A lien is a legal document that prevents sale, usually of a property until the debt is satisfied. Charge is an agreement to pay a debt in a specified tied under specified terms.
Is a lien on a property considered real or personal property?
A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.
What is the difference between vacate and satisfaction of a lien?
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
What is the difference between a lien and a judgment?
A lien is a legal right or interest held by a creditor over a debtor's property as security for a debt or obligation. A judgment, on the other hand, is a formal decision made by a court at the end of a lawsuit that determines the rights and obligations of the parties involved. A judgment can result in a lien being placed on the debtor's property to enforce the court's decision.
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
