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No, a minor can not. Someone would have to hold it in trust for the minor.
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What is the difference between a lien and a judgment?
A judgment for the most part, is a monetary award. It can be collected in various ways, garnishment of wages and/or bank accounts, is an example. It can, however take the form of a lien. A lien is applied to real property, such as a house. The property cannot be sold, borrowed against or ownership transferred until the debt that created the lien is paid in full. The lien holder can, in some cases force the sale of the property to satisfy the debt. This depends on how the property is titled, Tenants In Common, Joint Tenancy, etc.. A property that is titled Tenancy by the Entirety cannot be sold or have a lien enforced against it, unless there are joint debtors. Both will stay on your CR until they are paid and the SOL expires.
What does a UCC 11 do?
UCC-1 stands for Uniform Commercial Code Form 1. A security agreement used to place liens against specified business property In law, a lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienor and the person who has the benefit of the lien is referred to as the lienee
How can your heir property be taken from you?
Once he estate has been duly probated the property belongs to you absolutely. However, once it belongs to you it is vulnerable to any creditors of yours. If you are sued for a debt and the creditor is successful it can record a lien against the property.
If only one of the four owners of a house lives there is he liable for the entire property tax?
In theory, all owners of the property are responsible for the property tax and it is up to them to agree how to divide the obligation among themselves. The tax authorities will post a tax lien on the property (regardless of who owns it) if the taxes are not paid, and attempt to notify the last known owner of record prior to taking away the property to cover unpaid taxes.As between the owners, if one of them pays all the taxes (to keep the property out of "hock"), it becomes a "lien" against the ownership interest of the others, meaning they will have to pay their agreed share or otherwise fair share once the non-payers' property interests are transferred.
How does a public official to obtain a damage award under libel laws?
They take the judgment of the court and place a lien against the defendant's tangible property.
Can you file a lien on a minor?
Liens are filed on property (such as houses) not on people (such as minors). If a minor is the legal owner of property, that property can still have a lien placed upon it - however, in almost all cases, minors do not own property, their parents or guardians do.
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.
The right to take sell or hold property as security or payment of a debt?
lien
How can a lien holder refuse to return property back to buyer?
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
How can you have lien against you when you don't own property?
A creditor who sues you for a debt can obtain a judgment lien against you that is good for a number of years. It can hold onto that lien until you do own property and then move against you to seize it to satisfy the debt.
Is a lien on a property considered real or personal property?
A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
Can you put a lien on a car if you have the title?
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
What is an involuntary lien against my property?
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
What is an innkeepers lien?
An innkeeper's lien, also known as a hotel keeper's lien, allows an innkeeper or hotelier to hold personal property that a guest has brought into the inn, hotel, or boarding house, as security for payment for lodgings.
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
