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What else can I help you with?
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.
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 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 house for non paymen of personal loan?
Yes, a lien can be placed on a house for non-payment of a personal loan if the lender obtains a court judgment against the borrower. This legal process typically requires the lender to prove the debt in court, after which they can file a lien against the property. Once the lien is placed, it can affect the homeowner's ability to sell or refinance the property until the debt is settled. However, the specific rules and procedures can vary by state.
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.
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.
What is the Statute of limitation on real estate debt?
If the debt is on real property, there is no limit. The debt is a lien against the property and the debtor collects on sale. A lien is valid as long as the property exists, and land seldom disappears.
What is A sum of money placed on a person property's or income?
A sum of money placed on a person's property or income is typically referred to as a lien. A lien is a legal right or interest that a lender or creditor has in the borrower's property, granted until the debt obligation is satisfied. It serves as a security for the repayment of a loan, allowing the creditor to claim the property if the borrower defaults. In essence, it ensures that the lender has a legal claim to the asset as collateral for the debt.
Are you responsible for a lien for POA dues on property you inherited?
Only if you want clear title to the property. If you fail to clear the lien, the property can be sold from under you. If the lien holder does not forclose you will still not be able to sell the property until the lien is satisfied. Just pay the debt, especially if it is valid. When you inherited the property, you inherited the debt.
