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Yes. there is no limit to the number of liens that can be recorded against a property.
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∙ 10y ago
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Can a lien be placed on a home own by two people when the other party is not involve in the debt?
It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.
What does it mean to buy a used car with a lien reported on the title in 2001 and since that has had two titles in 2004 and 2007?
Does the newest title show lien? If not probably satisfied previously
Can you have a jr lien at the same financial institution?
Yes. Banks often grant 1st and 2nd liens to the same borrower, sometimes at the same time. Under certain circumstances a bank or lender may also allow a 3rd position lien, so the borrower would have 1 senior and two junior liens.
Is a mortgage a lien?
The answer to your question is yes. A mortgage is a lien against real estate. Generally, there are two different categories of mortgages in the US. A mortgage in a lien theory state does constitute a simple lien against the property. When it's paid off the lender will release t its lien. A mortgage in a title theory state is an actual conveyance of the property to the lender. However, the transfer is conditional. If the mortgage is paid the lender must return all its right, title and interest to the mortgagor by recording a discharge. In a title theory state the lender can take possession of the property and sell it if there is a default in the mortgage. In a lien theory state a judicial process is used in the case of a foreclosure.
Can two books have the same exact name?
yes they can have the same title.
What does it mean when bank one and bank two says car running to lean Chrysler 300 2005?
I don't know what this question is asking. Are you talking about a lien. What are you trying to do that the two different banks are indicating this?
Can two films have the same exact title?
Yes.
Is Mississippi a title theory state?
"There are three theories used to define the respective legal interests of parties to a mortgage or deed of trust. They are denominated as "title," "lien," and "intermediate." Under the "title" theory, the mortgagee or the trustee is considered to hold actual title to the real property until the underlying debt is paid. Under the "lien" theory, the mortgagor or borrower retains title to the property subject to the lien of the mortgage or deed of trust, which must be executed upon or foreclosed after default. The "intermediate" theory is a hybrid of the two. It provides that a lien is created against the real property by the mortgage or deed of trust, and that title to the real property transfers to the mortgagee or trustee upon default. In effect, a state adhering to the "intermediate" theory is a "lien" theory state up until the time of default and is a "title" theory state once default occurs. Miss. Code Ann., §89-1-43, is the fundamental authority indicating that Mississippi is an "intermediate" theory state."See link below for further reading.
How do you get the title for a car that was paid for in bankruptcy and the lien holder no longer has your information Or they aren't released on the title?
I think of two ways. Call the DMV and have them do a search using the VIN number or call the court for a copy of the papers filed for bankruptcy. There should be a copy of the title of the car in the paperwork.
How long does it take to foreclose a hoa lien in Florida?
Your question assumes that a lien will automatically graduate to a foreclosure action, which is an invalid assumption. If the association has filed a lien on your title, and the lien is based on past-due assessments, the HOA may decide -- the past-due amounts are or become large enough -- to sell your home to satisfy your debt. The two actions may follow the same process if they involve past-due assessments, so in that sense the two actions are related. But one does not automatically trigger the other. Best practices dictate that you work with your board to pay your past-due assessments, so that you will not lose your home to foreclosure by the HOA.
What movie title has three words and two are the same?
east is east?
How do you remove a bank lien from a vehicle title that the bank has written off as a total loss but the bank will not give you a letter to obtain a clear title in Michigan?
"You will not get the lien taken off until you pay off the vehicle. The bank might have closed the account and have taken it as a loss but they never really lose it. One they will hold it until you make payment arrangements with them or two they will sell the lien to a debt collection agency then in which you will owe them the money. Either way you can't have something for nothing." This is not always true. You can file a quiet title to clear all lienholders from the title. If the bank doesn't show up to court, the lien is wiped and you can request a new title. As per "you can't have something for nothing." remark made previously. Neither can the bank, especially when they already cleared it as a tax write off, for a charge off.
