0
Can a lien be placed on your home or property for a defaulted car loan?
Wiki User
∙ 8y ago
In most states yes it can. This can only be done after due process according to state laws where the debtor lives has been followed. Meaning a lawsuit filed and won, a writ of judgment granted and the judgment executed as a lien. There can be a few exceptions, pertaining mainly to married couples and whether it is a joint debt.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
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.
Refinance your mortgage if you owe back taxes?
Do you have a lien on your home? If a lien is placed on your home, you will not be able to refinance to pay back taxes.
When you sell your home are auto loans automatically paid?
Not Unless you choose to pay it off. Selling your house has nothing to do with your auto loan. The only time an auto loan or any type of other loan would have to be paid off or legally settled is any loan you have defaulted on, and a Lien has been placed against your property. Each Lien will have to be settled or satisfied before the property can be sold. Liens can be placed on your property for various reasons, basically anyone can file a lien against someone by filling out the proper paperwork and paying the filing fee. As an example, I own a Locksmith business and I had a customer write me a bad check for $300.00 I tried for the longest time to collect this money through the proper channels, even my check collecting company was unable to collect the money. I filed a lien on his property for the amount of the original invoice, my bank fees and time I wasted trying to collect this debt. I paid $35.00 and placed a lien against his property, since I had all my paperwork order, and the debt was owed to me, he had to pay me my money before he could sell his house. Get this, he was pissed at because I had taken this action. Some nerve, he bounces a check and gets pissed at me. Hope this helps.
How can you get pre approved with a tax lien in your credit report?
There are different types of tax liens (IRS, county, state). I'll assume you have an IRS lien. A lien against your residence will prevent you from refinancing the existing home unless you get the IRS to approve a subordination. This means they agree to allow a mortgage company to take a priority position on the title of the home, in front of the tax lien. If you do not own a home, or are referring to a purchase, and the tax lien is against all your personal property, the lender will likely require that it be paid or otherwise satisfied. Before the credit and housing crash it was difficult to obtain financing with a lien against your property (think about a mortgage company considering loaning on a home that they have reason to know may have a lien placed against it by the IRS once you own it) but now it would be far more difficult with the pull back in underwriting requirements.
When can a lien lead to foreclosure?
A real estate lien creates a secured debt by providing the lender or creditor holding the lien with a security interest in your property. Although your mortgage lender attaches a lien to your home as a matter of course, any other real estate liens that attach to the property do so because of debts you left unpaid. In certain situations, property liens can result in foreclosure.
Can a home owner's association foreclose on a home?
If they hold a mortgage or a lien on the property. Home owner's associations often have required dues and if they are not paid, a lien can be placed on the property.
Can a lien be placed on a home property for monies owed in divorce settlement?
yes yes yes
Can a lien be placed on a home deeded with lifetime rights?
Yes, they can place a lien. The property still has value and the life estate doesn't effect that.
Can a lien be against automobiles?
A lien can be placed against almost any property.
Can a judgment lien be placed on a property mortgaged by USDA-Rd?
A lien can be placed on any property, regardless of who holds the mortgage. In most cases the mortgage holder will be paid before a secondary lien holder.
Can the government file a lien against a home included in a Will that is being passed to someone who owes back child support?
Following due process, a lien can be placed against property. How they got that property does not matter.
If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?
Yes.
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.
My mobile home is on some else's land If that land is foreclosed on does my home become part of the foreclosure?
Not unless the mobile home was part of the collateral offered for the loan that is in default or. For example, if the lender gave money to a borrower and secured a lien against land, then you placed the mobile home on the property, the mobile home is your property and was not part of the defaulted loan. You will be required to vacate the land, but should be able to take the mobile home assuming it belongs to you. Generally, true mobile homes are not real estate, they are personal property. A mobile home can become real estate if it is built after the 1970s, has a HUD sticker, is on a foundation and the owner pays property taxes. If this occured and was owned by person who defaulted on the loan, it might be part of defaulted loan. There may be a trustee of record for the foreclosure, if you are unsure about your rights you may contact them or an attorney for information
What can a Landlord lien of a Tenant's to recover Property Damages in Florida?
To receover property damage in Florida the landlord must file a suit against the tenant. If the landlord wins he can collect using usual means of collecting on a judgment. If the tenant has property then a lien can be placed on it to satisfy a judgment. But if the lien is on a primary home then he cannot be forced to sell the home per homestead laws.
Would i be contacted if I have a lien against my house?
You would be aware if a lien is placed on your property. You should receive notice and a copy of the lien.
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.
