In order to legally lien your house the person must have "something" they can defend in court giving them that right. Most states accept verbal agreements as a contract providing there is enough evidence to support mutually acceptable arrangements. However, generally, a written contract is needed as proof of the debt.
If the person provided materials, labor or services for the improvement and repair of your house then they must (1) meet all state construction lien statute requirements in a timely fashion; (2) show some type of evidence that materials were purchased and either delivered or installed at your house; (3) some type of evidence that labor was provided at your house; (4) that improvement or repair was performed. Construction (or Mechanics) Liens can only be placed for the outstanding balance of work performed. A mechanic's lien has a short statutory life. It must be perfected by a civil suit and if the "mechanic" prevails the court will render a judgment in their favor and then a judgment lien can be recorded against the property.
Any creditor can sue you in court and if successful obtain a judgment lien that can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.
How much money should a person get back after suiting the bank for breching a loan contract?
I believe that you are referring to a civil suit? This is an action by one person or entity (company, partnership, etc) against another, for money damages or some other kind of equatable relief (an injunction, cancellation of a deed or contract, etc).
Take a loan from the bank...........
If the buyer executed a mortgage in your favor then all you need to do is foreclose on the mortgage and take possession of the property. If the money due to you from the sale is not in the form of a mortgage in your favor then you will have to take your chances suing the new owner in a court of equity for breach of contract.
Not if the money was meant to be an inheritance or gift to that person. If the deceased promised the money in payment for a debt, and there is a valid contract, the creditor can get the debt from the estate.
The people you are buying the house from can sue you for the earnest money.
A contract needs to show the exchange between parties. One person will do work in exchange for money, for example. If the contract merely said that one person will do work, but it makes no mention of what the other person must provide, the contract is probably not valid and not enforceable.
They can file a claim against the estate. They can also file against any other signers of the contract if there are any. A lien could be placed on any property owned by the individual.
Go To Your County Attorney And Get A Packet To Fill A Small Claims Against Person. It Will Cost About $ 16.00. If You Win Your Case, You Can Charge Interest On Money Loaned. And Your Filing Fees Good Luck
Most people have loans against their houses. Such loans are called mortgages. Extremely few people can purchase a house without obtaining a mortgage. You sign a contract to sell a particular house. At that point, after the two of you have agreed to the terms and the money, then that gives the buyer the option to examine the property and check for any loans against the property. When and if the sale goes through, then the mortgage your buyer takes out will pay off the loan you owe. This will happen at closing when you hand over the keys. Closings are usually held in a bank or other business.
Warren Buffet is the richest person in Nebraska. he has a huge house and he is building another house right by the house he already has he has a lot of money because he infest in his money and doesn't spend it
Via Court of Law