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In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIn most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
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Does house lien earn interest?
Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.
Can interest be charged once a lien is placed on property?
Yes, depending on the type of lien. Judgment liens accrue interest at a statutory rate. In Massachusetts that rate is 12%.
Do liens on homes by a contractor accrue interest?
A lien is merely a kind of security for a debt. If the contract provides for interest, then the lien, if properly drafted, will cover that. In most states there is a statutory interest rate. If the contract doesn't provide for interest, then interest will accrue at the statutory rate and the lien, if properly drafted, will cover that as well.
Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
If a person dies can the credit card account still accrue interest?
No, it should not continue to accrue interest.
Interest will not accrue on your loans while you are in forbearance?
In the US, interest does not accrue on Subsidized stafford loans while in deferment. Interest does accrue at all times for unsubsidized stafford loans. Interest accrues on all loans while in forbearance.
A sentence using a word accrue?
Your money will accrue interest after leaving it in the bank for 12 months.
What is a legal document giving the lender a claim on the property if payment is not made?
That document would be a Notice of Claim of Lien. Liens can be filed for goods provided or services rendered but not paid for.AnswerA judgment lien, a real estate tax taking, liens for unpaid municipal services such as demolition liens or health hazard clean-ups, special assessment liens such as sewer liens and income tax liens are all forms of involuntary liens. Involuntary liens are those created without the consent of the property owner.
If you borrow an Loan you are responsible for interest that accrues while you are in school?
In the US, you only accrue interest on the unsubsidized stafford loans that you receive, the subsidized stafford loans do not accrue interest while in school.
Do loans accrue interest while deferred?
Yes
Do life insurance policies accrue interest?
Whole life insurance can accrue interest. However, look at the charges associated with that type of insurance, and your outcome may be less.
Does interest accrue on credit card debt after card holder is deceased?
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
