If there were improvements made on the home or a loan taken out against the property, and they person/company goes through the proper steps, yes. The property being in trust does not affect that ability.
Asked in Business Law
Can a lien be placed on a house that is in a trust in California?
Yes, a lien can be placed on a house that is in a trust in California. It would be placed against the beneficiaries listed on the property. ...
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. ...
Asked in Health, Debt Collection, Debt Responsibility
How long can a lien be placed on a house or other asset due to an unpaid medical bill?
A judgment lien is good for around 20 years in most jurisdictions. It must be rerecorded every six years in Massachusetts. ...
Can a lien be put on my property that is in my husbands name when he doesn't own the house?
A lien can be put on the property if he has a debt that is owed. If he doesn't own the house, a lien can still be placed on the property. The property has its own value and so does the house. ...
Asked in Mortgages, Debt Collection, Liens
Can a lien be placed on your house without any proof of debt?
No a proof of debt must be present in order to put a lien on your house like a signed contract ...
Asked in Liens
Can interest be charged once a lien is placed on property?
Yes, depending on the type of lien. Judgment liens accrue interest at a statutory rate. In Massachusetts that rate is 12%. ...
How do you put a lein on a business?
A lien is usually created on something when someone has used that something as collateral. Ex. A house that has been paid off can have a lien placed on it by taking a out a home equity loan. The house is now used as colateral. The lien is placed by the loan institution. Hope this helps. ...
Asked in Mortgages, Home Buying
Can the same financial institution transfer a lien on a house in Florida that I sold to a house that I bought in Georgia?
They have to have permission from the courts or judge to have a lien placed on the property. It won't automatically transfer to another house. ...
Can a lien be placed on a house for a personal loan debt if the loan payments are overdue?
No. If the loan is secured by a mortgage or deed of trust, then the lender can foreclose that mortgage or deed of trust. Otherwise, the lender will need to obtain a court judgment against the borrower, which will automatically place a lien against all real estate owned by the borrower. ...
Are you supposed to be notified if someone puts a lien on your house?
Answer: In Massachusetts you would be served notice by a Deputy Sheriff who also records the lien in the land records. ...
Asked in Liens
Does putting a house in a trust protect it from an IRS lien?
Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an attorney who specializes in trust and tax law.Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an...
Asked in Mortgages, Home Equity and Refinancing, Liens
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...
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. ...
If you have a lien placed on your house does this mean you can't refinance your mortgage OR buy a new home until that lien is removed?
The lien doesn't usually affect after-acquired property unless it's an income tax lien. You cannot mortgage, refinance or sell the property against which the lien was recorded. That is exactly the purpose of recording a lien in the land records. ...
Asked in Credit Reports, Liens, Deeds and Ownership
What is the Massachusetts tax lien expiration period?
A Massachusetts income tax lien expires after ten years and thirty days from the tax assessment date has elapsed. ...