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Can a lien be placed on a house for non paymen of personal loan?
Yes, a lien can be placed on a house for non-payment of a personal loan if the lender obtains a court judgment against the borrower. This legal process typically requires the lender to prove the debt in court, after which they can file a lien against the property. Once the lien is placed, it can affect the homeowner's ability to sell or refinance the property until the debt is settled. However, the specific rules and procedures can vary by state.
Can a lien be placed on a sole proprietorship for a personal debt?
Unless the business has been incorportated, yes.
Can a lien be placed on a racehorse for a debt owed?
no
Can a lien be placed on a house for a personal loan debt if the loan payments are not overdue?
No, the contract would have to be in default for the lender to sue and receive a judgemnt which could possibly be used as a lien against real property. The exception is Mechanic's liens which do not require a lawsuit to be implemented.
You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?
No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.
Is there a statute of limitations for a house lien in Texas?
No there is not statute of limitations. The lien serves as notification that a debt is owed and secures that debt.
How do you put a lien onsomeone's house in NC?
you cant't, a lien is a debt owed not applied.
If a relative who is on the deed to your house owes an outstanding debt can the debt collector put a lien on your house?
how has a crush on me
If you have a lien on your home and you lose your home do you still have to pay?
Yes. The lien is simply a method by which a debt is secured. If the lien is on the house and the house is lost, the only thing the creditor loses is the security for the debt. The debt remains payable. If a person buys a house and borrows $100,000 to help pay for it, that person signs a promissory note to establish the debt and signs a mortgage to establish the bank's lien on the house as security for the debt. If the house burns down and there is no fire insurance, the bank has lost the security for the debt but it has not lost the debt. The mortgage (security) is useless because there is no house, but the promissory note (debt) remains in effect.
Can a lien be put on a personal injury case by child support?
can a lien be placed against a personal injury award
What if property is paid in full and there no mortgage Can HOA still put a lien for non payment of fees?
A lien can be placed upon any property if first, there is a judgment. You first have to have a judgment, where a debt is actually proven in a court of law, leaving a judgment. THen, if not satisfied, they certainly can lien your house. Anyone holding a judgment that is not satisfied can lien your house.
Can they lien your house for dead spouse medical debt in pa?
The spouse is not personally responsible for the medical bills, unless they co-signed them. However, the estate is responsible. Which means that the estate may be depleted and a lien placed on the house. The spouse may not inherit anything.
