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Can a lien on a home be transferred to heir?
The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.
Can a home be refinanced in the husband's name only to pay-off the wife's bankruptcy so they can buy a new home?
If the property is jointly titled it would have to be retitled according to state statutes. If a lien has been placed against the property the property cannot be retitled, sold, or refinanced until the lien is satisfied.
How do you put a lien on home in California?
How do you put a lien on a house in California?
If you have huge unpaid credit card balances and own a house with someone else but they do not know about the debt will this affect them in any way?
If the debt collection agency chooses to sue and place a lien on the home then yes it would effect the house if it is ever sold or refinanced.
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 when a lien is placed on your real property?
Your property cannot be sold or refinanced until the lien is paid. In the case of a judgment lien, income tax lien or lien for property taxes you should be aware that interest accrues rapidly on unpaid amounts due.
Can a landlord collect rent if his house has a lien on it?
OF course! Its still his house..and your still there renting it! Whether someone puts a lien on his home is none of your business!
In Ohio can credit card companies put a lien on your home?
They can put a lien on your house if they have obtained a judgment against you. Then, when you sell your house, you will have to pay them first.
Can a parent who gave you a gift down payment on home with letter stating gift to original mortgage co since refinanced 4 times and no copy of gift letter kept or able to get put a lien on home?
If this was a true "gift" then that would mean no repayment. I would say it is highly unlikely that a lien can be put on the home.
What happens if your husband refinanced your home after separation and removed your name from the deed What do you do?
you dont pay bills for it and you have no house. i recomend saving money for a new house.
How do you pursue a property lien?
For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.
What happens when a lien is purchased on a house?
What do you mean? Did you purchase a home that has a lien on it? If so, you do not have a clear title to your home and the lien holder can take posession of your property. A lien should be paid off prior to completing a sale of a property. Good Luck
How does one sell his or her home on which the IRS has placed a lien?
To sell your home, you put a FOR SALE sign out front. If the value of the lien is less than what you will get out of the house, then when you sell the house and pay off the lien, you get the rest of the money. If the lien is for more than the house is worth and you are ready to move elsewhere, you hand the keys to the IRS and say. "Here, have fun. It is all yours." At that point you owe more on the house than the house is worth.
If a credit card company has a judgment on you in Tennessee can they take your home if you own it?
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
What to do if a lien is placed on your property?
Your property cannot be sold or refinanced until the lien is paid. Once a judgment lien, tax lien or any other type of lien is issued the interest on the debt begins to pile up. You need to pay the lien as soon as possible. Once paid, the lien holder must provide you with a release that can be recorded in the land records.
What work can be done to a house if a mechanics lien is filed on the house?
Work may continue with no interference. However, you will be unable to sell the home without that lien being paid in full.
Can a lien be put on my house for back taxes on a mobile home that is in my name my house taxes are current?
Yes, your real property can have a lien put on it. The government will do everything they can to get their tax money.
What is tax lien on title?
A tax lien is recorded by the IRS, the state department of revenue or the town when the property owner is delinquent on payment of some type of taxes. The property cannot be sold or refinanced until the tax lien is paid.
Does a lien on your house force selling your home?
No. Every mortgage is secured by a lien. The lien only ensures that the lien holder is reimbursed upon sale of the property. There can actually be several lien holders on a single property, and each will be paid in turn.
Can someone put a lien for 900 dollars on a 300000 dollar house?
Yes. They can put a lien for any amount the court authorizes on a home.
Can a lien be temporarily lifted and then reinstated?
Yes, if the lienholder agrees to lift it. It is commonly called a postponement or subordination. This is very common in fact. If a person buys a home with a mortgage, that mortgage is a first lien. If the owner then takes out a home equity loan, that is a second lien because it was placed on the property after the first mortgage lien. Next, if that person refinanced the first mortgage, the new loan would pay off the first, eliminating it and giving the home equity loan the first position. The new loan would be in second position because it comes after the home equity loan. But the refinancing company would not agree to the refinance unless the home equity bank agreed to postpone or subordinate its the second lien and let the new refinanced loan become the first lien. The home equity bank would sign a document agreeing to allow the refincing bank get into first place. The home equity loan would then drop back into second place just as it had been before. In a sense the home equity lien has been lifted then reinstated. So it can be done but only with the lienholder's consent.
When selling your house does the balance of the home equity line have to be included in the price?
The balance of your home equity line (if it is a lien on the home you are selling) will be deducted from the money you receive at the closing of the sale and paid to the bank holding the note. That clears the loan for you and removes the lien on the house for your buyer.
What is a lien on real estate?
A lien on real estate means that someone else has an interest in the property. The property cannot be refinanced or sold without satisfying the lien. A lien can arise from unpaid personal or real estate taxes, court judgments or installation of municipal services such as sewer lines.
Can you lien a home in the Bahamas?
You can put 'a lien' on a home in The Bahamas.
Can a house be built on a property with a lien without being encumbered by the existing lien?
No. Once a house is built it becomes an intrinsic part of the real estate. If the land has a lien on it the lien holder will get your house.
