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Like many liens, it goes with the property until it is paid off or waived (released) on the records. To enforce a lien, a court judgment is obtained that orders seizure and disposal of the property (regardless of who happens to own it or live in it), with proceeds to be used to satisfy the lienor.
What else can I help you with?
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
What does a lien on real property accomplish?
The property cannot be sold or mortgaged until the lien has been paid.
Does a lien on property in AL mean it has to be sold?
No.
Does a judgment act the same as a lien when you sell real property?
When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.
Can a lien be filed against property once owned and now sold to another party?
Once the owner has sold the property it's too late for you to file any lien against that property.
Is a lien the same as a claim?
A lien is a claim against the value of property, such as a house or a car. The property cannot legally be sold or transferred without settling the lien.
If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?
Yes.
What order can you register on a property to prevent it from being sold?
A lien.
Does a lien on property mean it has to be sold in California?
A lien is paid out when the property is sold. It will come out of the proceeds paid to the seller for his recorded lien before a clear title can be issued to the new buyer. Otherwise, it just sits there as a matter of record.However, if the lien is large enough to be worth the trouble of foreclosing on it, the creditor may force the sale of the property to pay the lien.
What is a mortgage lien?
Mortgage Lien - Is a legal claim against a mortgaged property that must be paid or assumed when the property is sold. The person who has the lien on the property can claim the property if the loan defaults. The mortage lien typically belongs to the lender in order to secure the mortgage loan.
What if Inherited Property has a private loan lien?
If inherited property has a private loan lien, the lien typically must be addressed before the property can be sold or transferred. The heir may need to pay off the lien or negotiate with the lender to clear the debt. If the property is sold, the lien must be satisfied from the sale proceeds. It's advisable for heirs to consult a real estate attorney to navigate the legal implications and potential options regarding the lien.
How do you pursue a property lien?
For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.
