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Yes.
For example, even without a written security agreement, your house or car or other property can have a lien attached when you have not paid for work done on them. This is called a "mechanic's lien" and could also apply to anyone who has delivered materials to your contractors for home improvement but have not yet been paid.
Any unpaid debt can result in a lien when a creditor sues you and wins a judgment against you. A judgment lien can be used to freeze a bank account or prevent the sale of real property once it has been recorded in the land records.
If state or federal tax authorities discover a bank account, or other valuable property, belonging to a tax delinquent, the account will be frozen or the property will be seized. For a frozen bank account the tax delinquent will generally be notified by the bank.
Another type of lien would be for non-payment of property taxes. Unless you resolve these within a prescribed period, the town/city could then file a "tax deed", taking title to your property, which is then sold at public auction to pay for the delinquent taxes.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThe creditor must sue in civil court. if it prevails they can request the court issue a judgment lien. Once the judgment lien is recorded in the land records your property cannot be sold or mortgaged until the lien if paid off. Once the judgment is issued the debt begins to accrue interest. In Massachusetts the rate is 12%.
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If your home is in foreclosure status can a lien be placed for a unsecured debt?
YES. Condo Fees
What does levied mean?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
What does levy taxes?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
Can you file a lien for a private unsecured debit even if the party is paying on the debit?
If the debt is for a mortgage that's secured by real property the signed mortgage should be recorded in the land records. Otherwise, if the debt is unsecured and not in default then you are not entitled to a lien. There must be a default before you can sue in court and obtain a judgment lien.
Can someones debt be placed as a lien on your property?
Not unless they also have an interest in the property other than a tenancy by the entirety.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
Can a lien be placed on a racehorse for a debt owed?
no
Lien filed against you but no property If you now purchase property will the lien have to be satisfied whenif you sell it?
This may vary by state. If the lien is placed against YOU, that being your wages, then it does not affect the property and it will have a clean title. If they file for a lien against your property, though, you will be required to pay off the lien before selling the property. I'd advise that you don't let the debt collector find out you have the property if you plan on selling it.
Can a lien be put on a pension in NY state for an unsecured debt?
Can my nys pension be leined againist
You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?
No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.
Can a lien be put on property you're renting to pay credit card debt?
No. Liens may be placed on property owned, but must be done by via legal judgment.
Can a lien be placed on a property for the debt of only one of the owners?
Yes, any person listed on the deed as an owner can have a lien filed against that property in their name, even if there are other owners listed. However, a creditor cannot force the sale of property held as tenants by the entirety for the debt of only one of the parties.
