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Sure they can, as many as can be filed. There is no limitation as to how many liens can be filed against one piece of property.
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Is a lien the same as a claim?
A lien is a claim against the value of property, such as a house or a car. The property cannot legally be sold or transferred without settling the lien.
Is a levy the same thing as a lien?
No. Levy has different meanings.To levy is to impose a tax or fine. A levyrefers to the act of a seizure of property in execution of a judgment by an authority such as a sheriff.A lien is a right or interest of a creditor in another’s property. For example, a mortgage, income tax lien, property tax lien or an attachment.
Does a judgment act the same as a lien when you sell real property?
When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.
Can a HOA's judgment be filed as lien against the property and at the same time seize assets such as a financed vehicle?
The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.
Why would some one put a lien on their own home?
A person might place a lien on their own home if they were misinformed. The lien would be null and void. For a creditor, a lien creates an equitable interest in real property owned by another party. That other party owns the legal interest in the property. If a peron who owns the legal interest in property recorded a lien the two "interests" would "merge" in that same person and the lien would be nullified.
If you default on a leased vehicle can the bank place a lien on your home?
It is possible. While it is more difficult for a vehicle lien holder to extend a lien to other, unsecured property, it is possible with a legal judgment. It is much simpler for this to occur if the lien holder and mortgage holder ar the same. In situations such as this, it is a simple matter of cross colateralization.
Can you sell property if you bought the same property off some one who has a civil suit against him?
As long as there is no lien on the property you can. If the civil suit is pending, then no judgment lien has attached to the property and you can buy it free and clear. If the civil suit relates directly to the property, the plaintiff may have put a lis pendens on it which is a type of pre-judgment lien that is permitted in some cases when the lawsuit is over the property itself. In addition, if the suit is for work done on the house by a contractor, there may be a mechanics' lien on the property. This is another pre-judgment lien that is permitted. In any event, if the civil suit is merely an action on a debt or a tort, the mere pendency of a civil suit does not create a lien on the property. Absent a lis pendens or mechanic's lien, the property may be purchased from the defendant and sold.
Can a lien be placed on property for non-payment of a judgment for 1250 dollars?
Yes, and many attorneys will do a property search before they even take a case (let alone win), so that liens can be prepared in advance of the judgment being entered and filed the same day. In fact, many jurisdictions offer the "lis pendens" lien when a case has just been started, and it can only be resolved by recording the settlement or other release.
What happens to a tax lien property when owner dies?
Generally the assets of a decedent, such as his property, estate or trust are liable for his debts before the assets are distributed to heirs. Death does not extinguish a debtor's obligations.
Can two banks have a lien on the same title?
Yes. there is no limit to the number of liens that can be recorded against a property.
Judgments - can a judgment be filed on a gifted property?
Yes. Your ownership status is just the same as if you had bought the property. Any legal judgment against you can attach to the property.
Lien Release?
Lien Release(Download)STATE OF __________COUNTY OF ___________________________________________, referred to as HOLDER, is the owner of a lien related to ____________________, executed by _____________________, acknowledges payment in full of the same, which was recorded at _________________Book, page ___ of the ________ County, State of _________, and consents to the release of the property from the lien. In addition, I will sign whatever additional papers are necessary to perfect the elimination and extinguishment of my former lien.Dated: ___________________________________________________________________Signatory__________________________________, having being duly sworn to tell the truth, acknowledges the execution of this release of lien for the purposes stated herein.__________________________________________NotaryMy commission expires: ___________________Lien ReleaseReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This lien release is a very important document to get signed and filed with regard to your asset related to it.1. File the notarized original with the appropriate court, if required. Keep copies in your file related to the transaction and property holding. This an important document to get for the release of any lien, from cars to other tangible property.
