Yes, a lien is put on your home because you have liability and it doesn't matter whether you have mortgage or not.
Yes.
Yes. The lien created by using your home as security for a loan is called a mortgage.
A second mortgage already has a lien on the home. If you don't pay the second mortgage they will foreclose and take the home. By paying off the first mortgage you just make it easier for the bank to get their money back out of the property when they sell it.
Yes, the mortgage company can do that. She co-signed for the loan and is responsible for it if you don't pay. She can lose her house.
A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.
You can put 'a lien' on a home in The Bahamas.
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.
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.
If a foreclosure is necessary for a 2nd home, will a lien be put on the first home?
It is only mandatory if you have a mortgage or lien on the home.
yes
Anyone to whom you own money can sue you in court and obtain a judgment against you. If they prevail they can request a judgment lien that can be recorded in the land records. You cannot sell or mortgage your property until the lien is paid.