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Can tranfure of ownership on property take place if a judgment is filed on the owner of the property being sold?
Wiki User
∙ 16y ago
Generally, yes, a person can sell property to whomever wants to buy it, and it often the only way to pay off a judgment against them.
Even a lis pendens attached to the property itself does not prevent the owner from selling it, as long as the buyer is willing to take the purchase subject to the results of the pending lawsuit.
Wiki User
∙ 16y ago
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Is there a tax on the ownership of land or buildings?
In most areas there is at least one and, legally it isn't on the ownership exactly, but a tax the property itself pays...it is due from the property not the owner...but the owner pays it to keep the property from being taken because it owes taxes.
Does being a co-buyer entitle you to any rights?
You have full and equal right of ownership on the property purchased.
What happens if you were incarcerated before receiving a deed on property you bought and cannot secure the property in pa?
Your lawyer must bring the papers to you to sign. Being in jail normally does not affect property ownership.
What is an abeyance?
An abeyance is an act of expectancy or temporary suppression.
What is business ownership?
Ownership is the status of having the right to at least some incidents and benefits of a legally-cognized and legally-recognized property interest, which need not be possessory rights.
What is the difference between a lien and a judgment?
A lien is a legal right or interest held by a creditor over a debtor's property as security for a debt or obligation. A judgment, on the other hand, is a formal decision made by a court at the end of a lawsuit that determines the rights and obligations of the parties involved. A judgment can result in a lien being placed on the debtor's property to enforce the court's decision.
What can be taken from you in a judgment?
State laws dictate what personal and real items belonging to a debtor are exempt from execution of a judgment writ. The preferred method of judgment creditors for enforcing the writ is wage garnishment or bank account levy against the judgment debtor. Generally the same property that is exempted in bankruptcy proceedings will also be exempted from attachment by a judgment creditor. It is in the best interest of the judgment debtor to obtain legal advice if faced with such a situation. The debtor's property is NOT automatically protected they need to file documents required by the court to keep exempted property from being possibly seized for sale or encumbered by liens.
Can credit card company put a lien on property for unpaid debt?
Yes. If the creditor wins a lawsuit against the debtor a judgment is entered in favor of the creditor. A judgment can be executed against any non-exempt property belonging to the debtor including but not limited to the placing of a lien against real property. In most situations a lien is possible regardless of the status of ownership of the property, with the exception being marital property held under TBE laws.
Can a judgment lien be placed against property that is in escrow?
It depends upon the nature of the lien and who is the holder of the escrow account. If the property is being held in escrow by the lender, then yes, the placement of a lien is possible.
Who owns the property if there is a lien attached to it?
It can depend but in most cases just because there is a lien on property doesn't mean that the person holding the lien owns the property at least prior to default and foreclosure. There are exceptions, however, and that's where the "lien" is really a transfer of ownership -- there are some states where a mortgage is really a transfer of the property subject to later being transferred back, but you'd need to check in your state whether that's the case.AnswerThe owner of the fee in real estate owns the property subject to the lien until the lien holder takes the necessary steps to foreclose on the lien or size the property pursuant to a judgment.
If a husband is sued for a auto accident and a judgment is entered solely against him can his wife's wages be garnished for his judgment?
No. Even if the couple reside in a community property state, the wife would be able to use the innocent spouse defense to prevent the judgment from being executed against her as income garnishment. However, all other marital property, including bank accounts, other non exempt assets and jointly held real property would be subject to the execution of the judgment. The exception would be any marital property held as Tenancy By The Entirety according to the laws of the state in which the couple reside.
Can you file a lien on a property you are renting?
No, because it's not being financed for ownership... you still own it and continue to own it, so there's no basis for filing a lien.
