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Depends upon the wording of the law in your particular state but usually, no. The seized property itself is the collateral for the amount owed - and in most cases is (or should be) worth more than the amount of "mechanics" lien.
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∙ 15y ago
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∙ 11y agoNo!
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When a city places a lien on property can the city charge interest on the lien amount?
In most cases, yes.
How do you file a mechanics lien in Illinois?
Try the link below for filing a mechanics lien in Illinois.
How can you have the title but there is still a lien against the car?
Could be a mechanics lien.
How do you do a mechanics lien?
any lien is challengable in superior court or small claims, depending on amount of lien.
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
Can the IRS put a lien on your home if your spouse owe and is on the deen only?
The IRS can put a lien on your home for past due child support and they will even charge interest.
In Minnesota does a mechanics lien supersede a first lien holder?
A first lien holder is usually the lender or mortgage holder. Mechanics or Construction Liens do not supercede any lien placed before them or mortgage recorded after the lien is filed. In Minnesota mechanics liens are only enforceable for one year after the last day of service. Any lien holder, regardless of where they are in priority, can file to enforce their lien at anytime during that one year period.
Can you File Mechanics Lien for unpaid auto repairs in PA?
No, you need to file a repairmans lien.
How do you file a mechanics lien in Mississippi?
To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.
How do you find out who has a lien on your vehicle?
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
Can the auto repair shop repo my car for unpaid repairs if they do not file a mechanics lien in tx?
YES IF you signed a payment agreementThey have to file a Mechanics lien if they do not have a signed agreement.
Can a lawyer charge interest on a judgment?
The lawyer doesn't charge interest on a judgment.Once the creditor wins a lawsuit and the court issues a judgment lien, the creditor is legally entitled to interest from the time the judgment is issued until it is paid. The debt can grow quickly. In Massachusetts the interest rate is 12%.
