If it is already in place, there is no need to claim it, it is a known debt, but it never hurts to ensure that the executor has the appropriate information.
The lien goes on the property, not the estate. But the estate must resolve the lien when disposing of the property.
It depends on what the lien is against. If it is against the estate, it has to be resolved before distribution. If there is a lien against your property, your inheritance does not have to be used to pay it off, however, it could be claimed through a court order.
The existence of a will has no bearing on whether or not they can place a lien. If they have a legitimate debt and a judgment, or an agreement in the loan regarding a lien, they can place the lien on the property or the estate.
No. The buyer has no authority to place a lien on the property and no cause of action for which to sue.
When property taxes go unpaid, the city holds an annual auction offering individuals looking to buy investment property to purchases as many tax liens as they want. When you purchase a lien, you are not fully purchasing the property. You just paying the property owner's taxes and getting the lien certificate.If the property owner will not pay the tax within the given time, then lien holder can foreclose on the property. If you want to know how to buy tax lien properties visit realestatetaxliennetwork.com
Yes, you can file a lien against the property. The estate will have to clear the claim.
A lawyer can place a lien against your real estate after they have sued you in court and won. The court then issues a judgment lien and the lien is recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.
If they are property taxes, there is a lien on the property. In those cases the property has to be sold to settle the debts. If there are no assets in the estate, the taxes won't get paid.
Yes, it could. The property would be considered a part of his estate. A lien could be put against it.
In order to collect on the lien, you will need to see a real estate attorney and have the lien foreclosed. In some states, deficiency judgments are allowed (meaning that if the property is worth less than the lien, then any unsatisfied portion of the foreclosure judgment could be executed on other property of the defendants). See the phone book for real estate attorneys who give "free consultations."
A real estate vendor's lien in the state of Texas is a type of lien put on a building project. If the contractor doing the work on a person's home defaults to his/her creditors, a lien can be put on projects that he has already completed or projects that are still in process. This means that the owner of the property where the project was done, has to pay the lien before they can sell the property. Then, the property owner has to sue to get the contractor to pay them back.
A real estate lien creates a secured debt by providing the lender or creditor holding the lien with a security interest in your property. Although your mortgage lender attaches a lien to your home as a matter of course, any other real estate liens that attach to the property do so because of debts you left unpaid. In certain situations, property liens can result in foreclosure.