Best Answer

Liens can only be used against real property such as a vehicle or real estate. In some states a judgment creditor can seize monies from "third parties" for repayment of a debt, this is usually accomplished by the levying of the debtor's bank account.

User Avatar

Wiki User

โˆ™ 2006-03-16 23:36:20
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can someone put a lien on another person's mortgage payment that they receive from a third party?
Write your answer...
Related questions

Where can one receive a no down payment mortgage?

You can receive a no down payment mortgage a few ways. Depending on the area in which you are buying, it may qualify for government funding. Another way is if you qualify as a military veteran.

Does a mortgage company have to accept a late payment during a bankruptcy if they receive it?


What is a pyramid scheme?

A pyramid scheme is where a person pays to another person or company a payment, (called a participation payment) for the right to receive payment or other benefits from the recruitment of other persons, (called a recruitment payment).

How is reverse mortgage payment determined?

There is no payment due to the lender, so that part is easy. The borrower may choose to receive a monthly payment, or can get their reverse mortgage funds upfront or in the form of a line of credit. In cases where a monthly payment is chosen, the lender sets up the payment amount in a similar fashion to an annuity. choices must be made on the length of term the payments will keep coming, one option is to get a guaranteed payment as long as you are alive. A reverse mortgage consultant can get you specifics on your options.

Using a Mortgage Insurance Calculator?

Over the past decade, many banks changed their lending policies and began allowing borrowers to get a mortgage even if they didn't have a 20% down payment.� While they can receive a loan, those with less than 20% down are now required to pay mortgage insurance, which protects the bank in the event that the borrower defaults. � Prior to taking out a mortgage, it would be a good idea to use a mortgage insurance calculator to determine what your monthly mortgage insurance payment will be.� The calculator will determine the payment based on your loan balance, down payment, and credit score range.�

What are the causes of foreclosure?

non-payment of mortgage payments exceeding 2 to 3 months. If the mortgage company does not receive timely payments, they can decide to foreclose. Once they have made that decision it is very hard to correct. If you cannot make your payment call the mortgage company. Communication can go a long way to prevent foreclosure.

Bi-weekly Mortgage Calculator?

Bi-weekly Mortgage Calculator This calculator shows you possible savings by using an accelerated bi-weekly mortgage payment. By paying _ your monthly payment every two weeks, each year your mortgage company will receive the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your mortgage and save you thousands of dollars in interest.

Can a first mortgage foreclose with a second?

Yes. The second is subordinate to the first mortgage and therefore is at greater risk. If equity exists, the 2nd mortgage holder may receive payment for the debt when a senior lender forecloses. If there is not, then their lien on the property is wiped out and they must pursue the borrower in another fashion (such as a lawsuit). If the 2nd mortgage lender does not want the 1st lender to foreclose, they may choose to pay the 1st mortgage current before the foreclosure proceeds and attempt to collect or foreclose themselves.

Can you receive life insurance payment if your in prison?

Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.

Is the payment you receive from a reverse mortgage taxable?

No, the money is considered borrowed funds, so no income tax is due on the funds. specializes in Reverse Mortgage Loans. If you are looking for any How Reverse Mortgage works, its pros and cons or guidelines, call (888) 202-4479

Where can one purchase home mortgage protection?

Most banks will add a small fee to the mortgage to cover life and accidental insurance. Another option is for the homeowner to receive their own mortgage insurance quote from agencies such as Sunlife.

How do we receive a grant up to $50,000 or 6 months mortgage payments?

How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?

Can mortgage company charge late fees if payment is received by grace period?

A mortgage company usually has a set date that mortgages are due, i.e. the first of the month. Anytime payment is not received by the first it is considered late. However, most MC's have a grace period of 15 days; if it's not received in this time frame a late charge is assessed. If you mail the check on the 6th and it doesn't get to the company until the 17th you will be charged a late fee. The mortgage company must receive the payment before the grace period expires. So in essence NO they can't charge you if they receive the payment by closing time of the last day of the grace period. They CAN charge you if you make the payment after business hours, because it is not considered received until the next day, there is no one to process your payment if the business is closed.

When should people get second mortgages?

A second mortgage is similar to a first mortgage. It is a loan that is secured by your home. It is for a set amount and you will receive a one time payment for the amount of the loan. Then the payments are for a set amount each month for the set term of the loan.

What relief can the mortgagee receive if 2 names on the deed but only one signed the mortgage and the person not on the mortgage moved out and left the expense to the one whose name is on the mortgage?

Regardless of whose name is on the mortgage the property legally belongs to the person or persons named on the deed. The mortgage is only a financial obligation, the deed is a legal ownership document. Of course, if the mortgage is not paid the mortgagor can file a foreclosure action against the property.

What should you receive from lender when you pay off your mortgage?

A letter of release stating that the mortgage is paid in full.

Save Thousands With A Mortgage Refinance?

Saving money by refinancing your mortgage is an overlooked strategy that can easily save you thousands of dollars every year.How To SaveMany homeowners choose to refinance their home loans in order to receive a more favorable interest rate and reduce their monthly mortgage payment. Some property holders refinance in order to obtain cash out for home renovations and repairs, college tuition, or to pay off high interest rate credit card balances. Another way people cut costs through a mortgage refinance is by eliminating private mortgage insurance or paying off a second mortgage with a higher interest rate.

Where can one find the current Texas mortgage rates?

One may find the current Texas mortgage rates through Zillow. One would just need to type in their loan purpose, zip code, purchase price, down-payment and credit score to receive helpful information.

Can you buy a condo if you receive ssi?

Your mortgage lender can answer this question for you.

Will you be notified about a foreclosure if you are on the title but not on the note?

Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.

How is an on line bill payment tracked when the payee claims it isn't received and the bank has debited the account anyway?

I sent a transfer of 50pounds with my details so i could put into a persons account but they not receive it

Where do you pay discharge of mortgage fee?

If the mortgage has been paid and you receive a discharge from the mortgage holder, it must be recorded in the place where deeds are recorded and the filing fee paid there.

What are the benefits of a mortgage life insurance?

The benefit of a mortgage life insurance is that in the event of the death of the policy holder, your family will receive benefits to pay on the mortgage. You can learn more about this at the Wikipedia.

When does the IRS accept an offer in compromise?

The IRS accepts an offer in compromise when the amount offered is the most the IRS can expect to receive in payment. The IRS will consider a persons income, ability to pay, assets and expenses.

What can you expect to receive from the bank after they receive the last payment and is there anything you need to do to prepare for the last payment?

You should get a TITLE if the loan was for a vehicle. Prepare? Make sure its paid.